1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 200 F.Supp.
  5. 200 F.Supp. 668 (1961)
 

CLARK v. UNITED STATES

Civ. A. No. 4170.

200 F.Supp. 668 (1961)

Charles C. CLARK, and wife, Emma Lee Clark, McNutt Clark and wife, Troy Clark, and Estate of Lina B. Clark, Deceased, Charles C. and McNutt Clark, Co-Executors v. UNITED STATES of America.

United States District Court E. D. Tennessee, N. D.

November 15, 1961.

Attorney(s) appearing for the Case

John Y. Merrell, Washington, D. C., Ben W. Kiser, Maryville, Tenn., for plaintiffs.

J. H. Reddy, U. S. Atty., Chattanooga, Tenn., for defendant.

ROBERT L. TAYLOR, Chief Judge.

This case presents the recurring question of whether income derived from the sale of inherited land by subdividing into lots should be treated as ordinary income or as capital gains for the purpose of taxation.

Many of the pertinent facts have been stipulated.

Plaintiffs, Charles C. and Emma Clark, are husband and wife as are McNutt and Troy Clark. Charles C. and McNutt Clark are the co-executors of the estate of their...

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