Case Name: COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. Agnes McEvoy CAMDEN, Respondent
Court: United States Court of Appeals for the Sixth Circuit
Jurisdiction: United States
Decision Date: 1943-12-15
Citations: 139 F.2d 697
Docket Number: No. 9575
Parties: COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. Agnes McEvoy CAMDEN, Respondent.
Judges: Before ALLEN, HAMILTON, and MCALLISTER, Circuit Judges.
Reporter: Federal Reporter 2d Series
Volume: 139
Pages: 697–698

Head Matter:
COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. Agnes McEvoy CAMDEN, Respondent.
No. 9575.
Circuit Court of Appeals, Sixth Circuit.
Dec. 15, 1943.
Samuel O. Clark, Jr., J. P. Wenchel, Sewall Key, Bernard D. Daniels, J. Louis Monarch, and L. W. Post, all of Washington, D. C., for petitioner.
Bradley & Blanton, of Paris, Ky., and Woodward, Dawson & Hobson, of Louisville, Ky., for respondent.
Before ALLEN, HAMILTON, and MCALLISTER, Circuit Judges.

Opinion:
PER CURIAM.
This case came on to be heard on the record and briefs and oral argument of counsel. On consideration whereof, it appearing that the sale by the taxpayer of a life estate in real property owned by herself, the proceeds of which the Commissioner sought to tax as income from rental on a lease, was a sale of a capital asset within the meaning of Sec. 117(b) of the Revenue Act of 1936, 26 U.S.C.A. Int.Rev. Acts, page 874: It is ordered that the decision of the United States Board of Tax Appeals (now the Tax Court of the United States) be, and it hereby is, affirmed.