Legal Opinion
Alexander v. King
Court of Appeals for the Tenth Circuit
Decided January 2, 1931No. 303-306PublishedCited by 20 opinions
1Opinion of the Court
McDERMOTT, Circuit Judge.
These four appeals present the same question: The taxpayers own royalty interests under ordinary oil and gas leases; during, the taxable years, they received their contract share of the oil produced and have sold: it. Are the proceeds of such sales taxable as" ordinary income, or are they taxable as capital gains arising from the sales of capital assets held by the taxpayers for more than two years? The trial court held to the latter view, and the collector has appealed.
Helene Walker King filed three suits against the collector, one to recover taxes paid by her for…
2Cases cited26 opinions
- Lindsley v. Natural Carbonic Gas Co.Supreme Court of the United States · 1911
- Crooks v. HarrelsonSupreme Court of the United States · 1930
- Poe v. SeabornSupreme Court of the United States · 1930
- Von Baumbach v. Sargent Land Co.Supreme Court of the United States · 1917
- Lynch v. Alworth-Stephens Co.Supreme Court of the United States · 1925
21 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- United States v. Stanolind Crude Oil Purchasing Co.Court of Appeals for the Tenth Circuit · 1940
- Phillips Petroleum Co. v. JonesCourt of Appeals for the Tenth Circuit · 1949
- United States v. FairbanksCourt of Appeals for the Ninth Circuit · 1938
- Anderson v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1936
- Harmon v. Oklahoma Tax CommissionSupreme Court of Oklahoma · 1941
15 more not listed; retrieve them via the Exa API.