Legal Opinion
John W. Kelley and Bette C. Kelley v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided August 3, 1960No. 16585_1PublishedCited by 27 opinions
1Opinion of the Court
STEPHENS, Circuit Judge.
Once again we are asked to determine whether, under certain given circumstances, sales of real estate by a taxpayer have resulted in the realization of ordinary income or of capital gains. See e. g., Pool v. Commissioner, 9 Cir., 1957, 251 F.2d 233, certiorari denied 1958, 356 U.S. 938, 78 S.Ct. 780, 2 L.Ed.2d 813; Achong v. Commissioner, 9 Cir., 1957, 246 F.2d 445; Palos Verdes Corp. v. United States, 9 Cir., 1952, 201 F.2d 256. This time the facts of the matter are as follows:
Taxpayers, man and wife, moved from Texas to the suburbs of Las Vegas, Nevada, in 1947. They…
2Cases cited12 opinions
- MAULDIN v. COMMISSIONER OF INTERNAL REVENUE (Two Cases)Court of Appeals for the Tenth Circuit · 1952
- 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
- Brown v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1944
- Home Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1954
7 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Bynum v. CommissionerUnited States Tax Court · 1966
- Estate of Finder v. CommissionerUnited States Tax Court · 1961
- Pointer v. CommissionerUnited States Tax Court · 1967
- Thompson v. CommissionerUnited States Tax Court · 1962
- Nash v. CommissionerUnited States Tax Court · 1973
22 more not listed; retrieve them via the Exa API.