WINKLER v. NUNAN

No. 334.

143 F.2d 483 (1944)

WINKLER et al. v. NUNAN, Com'r of Internal Revenue.

Circuit Court of Appeals, Second Circuit.

June 6, 1944.


Attorney(s) appearing for the Case

Howe P. Cochran, of Washington, D. C. (Margaret F. Luers, and Betty Cochran Stockvis, both of Washington, D. C., of counsel), for petitioners.

S. Dee Hanson, of Washington, D. C., Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key and Robert N. Anderson, Sp. Assts. to Atty. Gen., for respondent.

Before L. HAND, SWAN, and FRANK, Circuit Judges.


PER CURIAM.

The question on this appeal is whether the taxpayers — husband and wife, filing a joint return — were entitled in 1940 to the deduction of a loss under § 22(f) of the Internal Revenue Code, 26 U.S.C.A.Int. Rev. Code, § 22(f). The facts out of which their claim arises were as follows. In 1929, the husband bought jewelry for his wife in Paris for $23,000, under an agreement by which the jeweler promised to buy it back at any time...

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