Legal Opinion
Edith M. Belknap and Kentucky Trust Company, of the Estate of William B. Belknap, Deceased v. United States
Court of Appeals for the Sixth Circuit
Decided January 28, 1969No. 18201PublishedCited by 6 opinions
1Per curiam
This is an appeal from a judgment of the United States District Court for the Western District of Kentucky, 278 F.Supp. 337 determining that certain income arising out of a lease was taxable as gains from the sale of a capital asset rather than as ordinary income.
William B. Belknap 1 and his wife Edith M. Belknap (hereinafter referred to as taxpayers) owned a large farm in Kentucky which they acquired in 1916. There was a large deposit of Louisville limestone on the farm and in 1956 the taxpayers entered into an agreement with Derby Construction Company, Inc. (hereinafter called Derby) giving…
2Cases cited12 opinions
- Palmer v. BenderSupreme Court of the United States · 1932
- Commissioner v. Southwest Exploration Co.Supreme Court of the United States · 1956
- Nathaniel C. Wood and Gertrude L. Wood v. United StatesCourt of Appeals for the Fifth Circuit · 1967
- Walter R. Laudenslager and Marguerite Laudenslager v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1962
- Del Freund and Maryetta Freund v. United StatesCourt of Appeals for the Seventh Circuit · 1966
7 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Davis v. CommissionerUnited States Tax Court · 1980
- James A. Rutledge and Mattie L. Rutledge v. United StatesCourt of Appeals for the Fifth Circuit · 1970
- Deskins v. CommissionerUnited States Tax Court · 1986
- Briscoe v. United StatesUnited States Court of Claims · 1976
- Davis v. CommissionerUnited States Tax Court · 1980
1 more not listed; retrieve them via the Exa API.