Cashvan v. United States

OREN R. LEWIS, District Judge.

MEMORANDUM OPINION

These tax refund cases involving questions of law and fact common to both were consolidated for trial — there was an additional bad debt issue in the Cash-van case.

The common issue submitted to the Court for determination involves the question of whether or not some five parcels of real estate owned by Simon and *766Cashvan, partners, were entitled to capital gain treatment for income tax purposes — the bad debt issue in the Cashvan case involves the question of whether a loan made to a half-brother became worthless during the year deducted and…