LESLIE H. BAKER, JR., PLAINTIFF-APPELLANT,
v.
UNITED STATES OF AMERICA, DEFENDANT-APPELLEE
LESLIE H. BAKER, JR., PLAINTIFF-APPELLANT,
UNITED STATES OF AMERICA, DEFENDANT-APPELLEE
514 F.2d 722
Court of Appeals for the Fifth Circuit (1975)
Opinion of the Court
PER CURIAM:
In this second go around1 Taxpayer asserts that brokerage and related expenditures in the purchase of securities are not to be added to the price paid to the seller but should be deducted as an expense. Similarly, he argues that such costs of sale are not to be deducted from the sales proceeds from the buyer. Despite the earnestness of his contentions they come too late. For the law has held to the contrary. Woodward v. Commissioner, 1970, 397 U.S. 572, 574—75, 90 S.Ct. 1302, 1304, 25 L.Ed.2d 577, 581; Spreckles v. Commissioner (Helvering), 1942, 315 U.S. 626, 62 S.Ct. 777, 86 L.Ed. 1073; Commissioner (Helvering) v. Winmill, 1938, 305 U.S. 79, 59 S.Ct. 45, 83 L.Ed. 52; Meade v. Commissioner, 5 Cir., 1974, 489 F. 2d 161; Helis v. Usry, 5 Cir., 1972, 464 F. 2d 330.
Affirmed.
. Baker v. District Director, 5 Cir., 1972, 468 F. 2d 199.
Cases With Similar Vibessemantic neighbors from the corpus
Citator
Authorities Cited
- Isbell Enters., Inc. v. Citizens Cas. Co. OF NEW York, 431 F.2d 409 (5th Cir. 1970)
- Helvering v. Winmill, 305 U.S. 79 (U.S. 1938)
- Woodward v. Commissioner of Internal Revenue, 397 U.S. 572 (U.S. 1970)
- Spreckels v. Commissioner of Internal Revenue, 315 U.S. 626 (U.S. 1942)
- Est. of Joseph M. Meade v. Commissioner OF Internal Revenue, 489 F.2d 161 (5th Cir. 1974)
- Mrs. William (Betty) Helis v. Usry, 464 F.2d 330 (5th Cir. 1972)
- United States v. Colbert, 468 F.2d 199 (5th Cir. 1972)