Legal Opinion
Raymond Bauschard v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided June 17, 1960No. 14042_1PublishedCited by 70 opinions
1Opinion of the Court
SHACKELFORD MILLER, JR., Circuit Judge.
The question involved in this appeal is whether, under the circumstances set out, the profit resulting to the taxpayer from the purchase of a 77-acre tract of unimproved farm land, its development as a residential subdivision, and the sale of building lots therein, constituted ordinary income taxable as such, or long-term capital gain under Section 117, Title 26 U.S.C., 1939 Edition, and Section 1221, 26 U.S.C., 1954 Edition.
The facts are given in detail in the Findings of Fact and Opinion of the Tax Court, reported at Bauschard v. Commissioner, 31 T.C.…
2Cases cited19 opinions
- Rollingwood Corp. v. Commissioner of Internal Revenue. Bohannon v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1951
- Walter H. Kaltreider and Irene C. Kaltreider v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958
- Bauschard v. CommissionerUnited States Tax Court · 1959
- Richards v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1936
- Fackler v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1943
14 more not listed; retrieve them via the Exa API.
3Cited by70 opinions
- Hoffman v. Comm'rUnited States Tax Court · 2002
- Daugherty v. CommissionerUnited States Tax Court · 1982
- Philhall Corporation v. United StatesCourt of Appeals for the Sixth Circuit · 1976
- Robert W. Pointer and Maybelle Pointer v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1969
- Cottle v. CommissionerUnited States Tax Court · 1987
65 more not listed; retrieve them via the Exa API.