Cofield v. Koehler

HUXMAN, Senior Circuit Judge.

This is an action brought by plaintiff, Lester 0. Cofield, for the recovery of $4,083.56, paid as taxes for the year, 1957. The answer to the question posed depends upon whether a property settlement in a divorce action resulted in a taxable transaction to the taxpayer with respect to the accumulated interest on a series of United States Government Bonds, Series “E”, which were set aside to the wife in the property settlement.

FINDINGS OF FACT

There is no dispute in any material fact. The facts were stipulated by the parties. The court finds these facts: Lester O.…