1. Home
  2. Browse Decisions
  3. U.S.
  4. 295 U.S.
  5. 295 U.S. 123 (1935)
 

HELVERING v. RANKIN

No. 582.

295 U.S. 123 (1935)

HELVERING, COMMISSIONER OF INTERNAL REVENUE, v. RANKIN, EXECUTOR.

Supreme Court of United States.

Decided April 29, 1935.

Attorney(s) appearing for the Case

Assistant Attorney General Wideman, with whom Solicitor General Biggs and Messrs. James W. Morris and J.P. Jackson were on the brief, for petitioner.

Mr. John W. Townsend for respondent.

MR. JUSTICE BRANDEIS delivered the opinion of the Court.

The Revenue Act of 1928 (c. 852, §§ 22, 111, 112, 113), provides, as had earlier Revenue Acts, that in computing income from sales of property purchased after February 28, 1913, any excess of the amount realized over cost shall be gain and that any excess of the cost over the amount realized shall be loss. When gain or loss is to be determined on the sale of stock owned outright as an investment, the...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases