1. Home
  2. Browse Decisions
  3. F.2d
  4. 210 F.2d
  5. 210 F.2d 465 (1954)
 

LOBELLO v. DUNLAP

No. 14551.

210 F.2d 465 (1954)

LOBELLO et al. v. DUNLAP.

United States Court of Appeals Fifth Circuit.

February 12, 1954.

Attorney(s) appearing for the Case

Sam G. Winstead, Dallas, Tex., for appellants.

H. Brian Holland, Asst. Atty. Gen., Ellis N. Slack, and Melva M. Graney, Sp. Asst. Attys. Gen., Dudley J. Godfrey, Jr., Sp. Asst. to Atty. Gen., Washington, D. C., Heard L. Floore, U. S. Atty., Ft. Worth, Tex., for appellee.

Before HUTCHESON, Chief Judge, and BORAH and RIVES, Circuit Judges.

RIVES, Circuit Judge.

The question presented is whether the district court erred in holding that gain realized by the taxpayers in 1946 from each of three sales of real estate is taxable as ordinary income rather than capital gain. The taxpayers contend that the properties sold were capital assets within the meaning of Section 117(a) (1) of the Internal Revenue Code, 26 U. S.C.A.,1 and, accordingly, the gains realized from their sales...

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