James Alderson v. United States

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that Section 1234A applies only to gain or loss \with respect to property ... which is a capital asset in the hands of the taxpayer\
• noting that section 1234A \applies only to such '[g]ain or loss ... with respect to property which is a capital asset in the hands of the taxpayer\ and finding that a right to a \relator's share was not a capital asset\ (alteration in original)
• holding award was ordinary income
• “[Section 1234A] applies only to such ‘[g]ain or loss . . . with respect to property which is a capital asset in the hands of the taxpayer.’”

Source: CourtListener parenthetical corpus (CC0).