BEALS v. UNITED STATES

No. 5427.

91 F.Supp. 1013 (1950)

BEALS et al. v. UNITED STATES.

United States District Court W. D. Missouri, W. D.

July 11, 1950.


Attorney(s) appearing for the Case

Charles E. Whittaker, Watson, Ess, Whittaker, Marshall & Enggas, Kansas City, Mo., for plaintiff.

Sam M. Wear, U. S. Atty., Harry F. Murphy, Asst. U. S. Atty., Kansas City, Mo., for defendant.


REEVES, Chief Judge.

This is an action to recover income taxes paid by the plaintiffs on a deficiency determination for the year 1945. The only question for decision is whether the tax was one involving a loss on capital assets or a loss incurred by the taxpayers on property held by the taxpayers on property held by the taxpayers primarily for sale to customers in the ordinary course of trade or business. An actual loss...

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