GOLD v. UNITED STATES

Civ. A. No. 79-W-97.

552 F.Supp. 66 (1982)

Lester GOLD, et al., Plaintiffs, v. UNITED STATES of America, Defendant.

United States District Court, D. Colorado.

February 19, 1982.


Attorney(s) appearing for the Case

Richard R. Helmick, Denver, Colo., for plaintiffs.

Marshall I. Whitley, Atty. Tax Div., Dept. of Justice, Washington, D.C., for defendant.


MEMORANDUM OPINION

WINNER, District Judge.

Jurisdiction of this tax refund suit is admitted, and the parties have settled all except three of their disputes. The unsettled issues are:

1. Whether money paid in connection with an assignment and reassignment of certain mining claims should be taxed as capital gain realized from a sale or as ordinary income resulting from a payment made for an unexercised option. [The parties refer to this transaction...

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