Case Name: Corn Products Refining Co. v. Commissioner of Internal Revenue
Court: Supreme Court of the United States
Jurisdiction: United States
Decision Date: 1955-01-10
Citations: 348 U.S. 911
Docket Number: No. 457
Parties: Corn Products Refining Co. v. Commissioner of Internal Revenue.
Judges: 
Reporter: United States Reports
Volume: 348
Pages: 911–911

Head Matter:
No. 457.
Corn Products Refining Co. v. Commissioner of Internal Revenue.
Samuel A. McCain, Harry J. Rudick and Jay O. Kramer for petitioner.
Solicitor General Sobeloff, Assistant Attorney General Holland, Ellis N. Slack and Harry Marselli for respondent.

Opinion:
Petition for writ of certiorari to the United States Court of Appeals for the Second Circuit granted limited to questions 1 and 2 presented in the petition for certiorari which read as follows:
1. "Are transactions in commodity futures which are not 'true hedges' capital asset transactions and thus subject to the limitations of Section 117 of the Internal Revenue Code of 1939, or do the resulting gains and losses from such transactions give rise to ordinary income and ordinary deductions? (1940) (1942)"
2. "Are commodity futures contracts 'securities' and thus subject to the 'wash sales' provisions of Section 118 of the Internal Revenue Code of 1939? (1940) (1942)"