Watkins v. Commissioner of Internal Revenue

How courts have described this case

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

• noting courts’ reticence in treating property as a capital asset when it is more properly characterized as ordinary income
• treating the transfer of rights to lottery payments as ordinary income
• treating the transfer of rights to lottery payments as ordinary income
• treating the transfer of rights to lottery payments as ordinary income
• “[W]e need not formulate any specific test regarding the appropriate limits of the doctrine’s application.”

Source: CourtListener parenthetical corpus (CC0).