BROADWELL v. UNITED STATES

Nos. 72-2477, 72-2478.

476 F.2d 976 (1973)

Dohn B. BROADWELL and Charlotte L. Broadwell, Appellants, v. UNITED STATES of America, Appellee. Waverly C. BROADWELL and Nancy W. Broadwell, Appellants, v. UNITED STATES of America, Appellee.

United States Court of Appeals, Fourth Circuit.

Decided April 18, 1973.


Attorney(s) appearing for the Case

M. Alexander Biggs and Frank P. Meadows, Jr., Rocky Mount, N. C. (Biggs, Meadows & Batts, Rocky Mount, N. C., on brief), for appellants in Nos. 72-2477 and 72-2478.

Janet R. Spragens, Atty., Tax Division, U. S. Department of Justice (Scott P. Crampton, Asst. Atty. Gen., Meyer Rothwacks, and Paul M. Ginsburg, Attys., Tax Division, U. S. Department of Justice, and Warren H. Coollidge, U. S. Atty., on brief), for appellee in Nos. 72-2477 and 72-2478.

Before SOBELOFF, Senior Circuit Judge, and FIELD and WIDENER, Circuit Judges.


PER CURIAM:

These are actions for refund of federal income taxes. The basic question presented is the perennially thorny issue of whether the profit from the sale of an option on land is properly treated as capital gain or ordinary income.

The plaintiffs, Dohn and Waverly Broadwell, and their respective spouses opted for a jury trial. They made no objection to the instructions given the jury by the District Judge. After the jury's verdict was entered against...

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