Legal Opinion
Estate of Gordon v. Commissioner
United States Tax Court
Decided September 26, 1951No. Docket No. 27792PublishedCited by 1 opinion
1Opinion of the Court
OPINION.
Van Fossan, Judge:
We are here asked to determine the proper character to be ascribed to the $25,000 received by petitioner’s decedent in accordance with her contract agreement of July 5, 1946, with William S. Bein.
Respondent, with leave of the Court, amended his pleadings to conform to the proof and affirmatively alleges that the negotiations between the parties, when considered as an over-all transaction, culminated in the outright sale of the property in question and that decedent is taxable on the profit derived therefrom as a capital gain in accordance with section 111 of the…
2Cases cited6 opinions
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- United States v. LewisSupreme Court of the United States · 1951
- Aiken v. BurnetSupreme Court of the United States · 1931
- Virginia Iron Coal & Coke Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1938
- Doyle v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1940
1 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Commissioner of Internal Revenue v. Dill CompanyCourt of Appeals for the Third Circuit · 1961