Corn Products Refining Co. v. Commissioner
348 U.S. 911, 75 S. Ct. 298, 99 L. Ed. 714, 1955 U.S. LEXIS 1305
This text of 348 U.S. 911 (Corn Products Refining Co. v. Commissioner) is published on Counsel Stack Legal Research, covering Supreme Court of the United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Corn Products Refining Co. v. Commissioner, 348 U.S. 911, 75 S. Ct. 298, 99 L. Ed. 714, 1955 U.S. LEXIS 1305 (1955).
Opinion
Petition for writ of certiorari to the United States Court of Appeals for the Second Circuit granted limited to questions 1 and 2 presented in the petition for certiorari which read as follows:
1. “Are transactions in commodity futures which are not 'true hedges’ capital asset transactions and thus subject to the limitations of Section 117 of the Internal Revenue Code of 1939, or do the resulting gains and losses from such transactions give rise to ordinary income and ordinary deductions? (1940) (1942)”
2. “Are commodity futures contracts ‘securities’ and thus subject to the ‘wash sales’ provisions of Section 118 of the Internal Revenue Code of 1939? (1940) (1942)”
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Bluebook (online)
348 U.S. 911, 75 S. Ct. 298, 99 L. Ed. 714, 1955 U.S. LEXIS 1305, Counsel Stack Legal Research, https://law.counselstack.com/opinion/corn-products-refining-co-v-commissioner-scotus-1955.