Legal Opinion
Gilford v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided February 5, 1953No. 22412_1PublishedCited by 40 opinions
1Opinion of the Court
CHASE, Circuit Judge.
The question presented by this appeal is whether a loss from the sale of real estate which the petitioner sustained in 1944 was an ordinary loss and deductible only in that year or a capital loss which could be carried over to later years pursuant to I.R.C. § 117 (a) (11), (e) (1) as amended by § 150(c) of the Revenue Act of 1942, 26 U.S.C.A. § 117(a) (11), (e) (1).
The real estate involved is an improved block front, Nos. 720-734 Third Avenue in the City of New York, consisting of eight buildings on eight pieces of land. The ground floors of all the buildings were rented…
2Cases cited6 opinions
- Fackler v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1943
- Maloney v. SpencerCourt of Appeals for the Ninth Circuit · 1949
- Pinchot v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1940
- Higgins v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1940
- McClellan v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1941
1 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Curphey v. CommissionerUnited States Tax Court · 1980
- Lorenzo Alvary v. United StatesCourt of Appeals for the Second Circuit · 1962
- Harris v. CommissionerUnited States Tax Court · 1974
- Demirjian v. CommissionerUnited States Tax Court · 1970
- American Can Co. v. CommissionerUnited States Tax Court · 1961
35 more not listed; retrieve them via the Exa API.