Legal Opinion
United States v. Chinook Inv. Co.
Court of Appeals for the Ninth Circuit
Decided July 9, 1943No. 10324PublishedCited by 12 opinions
1Opinion of the Court
HEALY, Circuit Judge.
The primary question here is whether losses sustained by appellee taxpayer in the years 1936 and 1937 were losses from the sale of “capital assets,” as that term is defined in § 117(b) of the Revenue Act of 1936, 26 U.S.C.A. Int.Rev.Acts, page 874.
Appellee was organized under the laws of Oregon “to own, buy, sell, or to acquire by sale, trade or exchange,” bonds, stocks, and other securities, and to exercise while the owner thereof all the rights a natural person would have in the premises. For many years it regularly followed that calling, maintaining an office for the…
2Cases cited8 opinions
- Ehrman v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1941
- Richards v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1936
- Schafer v. HelveringSupreme Court of the United States · 1936
- Commissioner of Internal Revenue v. BoeingCourt of Appeals for the Ninth Circuit · 1939
- Commissioner of Internal Revenue v. BurnettCourt of Appeals for the Fifth Circuit · 1941
3 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Gruver v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1944
- Kemon v. CommissionerUnited States Tax Court · 1951
- Elsie W. Faroll, of the Estate of Barnett Faroll, Deceased v. John T. Jarecki, Collector of Internal RevenueCourt of Appeals for the Seventh Circuit · 1956
- Stephens, Inc., and Cross-Appellant v. United States of America, and Cross-AppelleeCourt of Appeals for the Eighth Circuit · 1972
- United States v. GallagherCourt of Appeals for the Ninth Circuit · 1945
7 more not listed; retrieve them via the Exa API.