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Keusch v. Commissioner

60 F.2d 481, 11 A.F.T.R. (P-H) 767, 1932 U.S. App. LEXIS 2553, 1932 U.S. Tax Cas. (CCH) 9446, 11 A.F.T.R. (RIA) 767
CourtCourt of Appeals for the Third Circuit
DecidedJuly 11, 1932
DocketNo. 4781
StatusPublished
Cited by1 cases

This text of 60 F.2d 481 (Keusch v. Commissioner) is published on Counsel Stack Legal Research, covering Court of Appeals for the Third Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Keusch v. Commissioner, 60 F.2d 481, 11 A.F.T.R. (P-H) 767, 1932 U.S. App. LEXIS 2553, 1932 U.S. Tax Cas. (CCH) 9446, 11 A.F.T.R. (RIA) 767 (3d Cir. 1932).

Opinion

PER CURIAM.

The underlying question in this case is whether the Lorillard stock sold by the taxpayer was part of his business or was an ordinary capital asset. The tax authorities decided as a question of fact that it was entirely independent of his business. Sueh being the ease, it follows the taxpayer was not entitled to have- his loss on sueh stock deducted as a business loss, and the Commissioner rightly so held. The appeal of the taxpayer is dismissed.

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Related

Holmes v. Commissioner of Internal Revenue
99 F.2d 822 (Second Circuit, 1938)

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Bluebook (online)
60 F.2d 481, 11 A.F.T.R. (P-H) 767, 1932 U.S. App. LEXIS 2553, 1932 U.S. Tax Cas. (CCH) 9446, 11 A.F.T.R. (RIA) 767, Counsel Stack Legal Research, https://law.counselstack.com/opinion/keusch-v-commissioner-ca3-1932.