Legal Opinion
De Coppet v. Helvering
Court of Appeals for the Second Circuit
Decided January 15, 1940No. 88PublishedCited by 9 opinions
1Opinion of the Court
L. HAND, Circuit Judge.
The question on which this appeal turns is whether one of the taxpayers, the husband, should have been allowed to deduct as a loss in 1933, the cost of his interest in certain shares of stock in the Continental Corporation, a New York corporation organized in 1929, which was wound up without assets in 1933. He claimed the deduction under § 23(e) (2) of the Revenue Act of 1932, 26 U.S.C.A. § 23 (e) (2), as a one, “incurred in” a “transaction entered into for profit, though not connected with * * trade or business”. The Commissioner disallowed the deduction on the ground…
2Cases cited6 opinions
- Plimpton v. . BigelowNew York Court of Appeals · 1883
- Flynn v. . Brooklyn City R.R. Co.New York Court of Appeals · 1899
- Van Brocklen v. . SmeallieNew York Court of Appeals · 1893
- Burrall v. . Bushwick Railroad CompanyNew York Court of Appeals · 1878
- Commissioner v. HagermanCourt of Appeals for the Third Circuit · 1939
1 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Fisher v. United StatesUnited States Court of Federal Claims · 2008
- Warren v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1952
- Spreckels-Rosekrans Inv. Co. v. LewisCourt of Appeals for the Ninth Circuit · 1945
- Wilkinson v. CommissionerUnited States Tax Court · 1957
- Moore v. HoeyDistrict Court, S.D. New York · 1940
4 more not listed; retrieve them via the Exa API.