Alderson v. Commissioner
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Alderson v. Commissioner, 317 F.2d 790 (9th Cir. 1963)[1] was a tax law case in which the United States Court of Appeals for the Ninth Circuit reversed the ruling of the United States Tax Court that an exchange of properties does not constitute a taxable sale under § 1031(a) of the Internal Revenue Code.
Quick Facts Alderson v. Commissioner, Court ...
Alderson v. Commissioner | |
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Court | United States Court of Appeals for the Ninth Circuit |
Full case name | James Alderson (Surviving Husband & Executor) & Estate of Clarissa E. Alderson, Deceased, vs. Commissioner of Internal Revenue |
Decided | May 22, 1963 |
Citation(s) | 317 F.2d 790; 11 A.F.T.R.2d 1529; 63-2 USTC (CCH) ¶ 9499 |
Case history | |
Prior history | 38 T.C. 215 (1962) |
Holding | |
The exchange of property constitutes a taxable exchange; reversal of Tax Court ruling | |
Court membership | |
Judge(s) sitting | Stanley Barnes, Charles Merton Merrill, Elisha Avery Crary (District) |
Case opinions | |
Majority | Crary, joined by a unanimous court |
Laws applied | |
26 U.S.C. § 1031; 26 U.S.C. § 1002 | |
Keywords | |
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