Legal Opinion
Julius Long Stern and Ellen v. Stern v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided September 17, 1954No. 11226PublishedCited by 20 opinions
1Opinion of the Court
MARIS, Circuit Judge.
This petition to review a decision of the Tax Court presents the question whether the loss, if any, which the taxpayer sustained upon the sale of his former residence in 1948 was non-deductible for income tax purposes under section 24(b) (1) (A) of the Internal Revenue Code, 26 U.S.C.A. § 24(b) (1) (A). The facts in the case as found by the Tax Court are these:
The taxpayer, 1 Julius Long Stern, built a residence for himself at 36 West River Street, Wilkes-Barre, Pennsylvania, in 1925, at an approximate cost of $110,000. It is one of the four or five outstanding residences…
2Cases cited13 opinions
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Helvering v. F. & R. Lazarus & Co.Supreme Court of the United States · 1939
- Blair v. Oesterlein MacHine Co.Supreme Court of the United States · 1927
- Commissioner of Internal Revenue v. Liberty Bank & Trust Co.Court of Appeals for the Sixth Circuit · 1932
8 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Josephine C. Toscano AKA Josephine C. Zelasko v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1971
- Burns, Stix Friedman & Co. v. CommissionerUnited States Tax Court · 1971
- William H. Kenner and Eleanor v. Kenner v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1968
- George H. T. Dudley v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958
- Reo Motors, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1955
15 more not listed; retrieve them via the Exa API.