WHITE

v.

GEORGIA

Citator

Cited By

• A. J. Indus., Inc. v. United States, 503 F.2d 660 (9th Cir. 1974)
  …ither case is contrary to our position, we decline to follow them: The government cites cases characterized by taxpayer as the “Real Estate Cases.” Superior Coal Co. v. Commissioner, 2 T.C.M. 984, affirmed (7 Cir. 1944) 145 F. 2d 597, cert. denied, 324 U. S. 864, 65 S.Ct. 913, 89 L.Ed. 1420 (1945); and Helvering v. Gordon (4 Cir. 1943) 134 F. 2d 685. There is language in such cases to the effect that the loss can be sustained by worthlessness and that abandonment is not necessary. We agree with taxpayer tha…

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• A. J. Indus., Inc. v. The United States, 388 F.2d 701 (Ct. Cl. 1967)
  …loss deduction, which has actually been sustained, to a year in which the deduction will result in a larger savings of tax. Superior Coal Co. v. Commissioner of Internal Revenue, 2 T.C.M. 984 (1943), aff’d 145 F. 2d 597 (7th Cir. 1944), cert, denied 324 U.S. 864, 65 S.Ct. 913, 89 L.Ed. 1420 (1945). [*711] In Mine Hill & Schuylkill Haven R. R. v. Smith, 184 F. 2d 422 (3d Cir. 1950), cert, denied 340 U.S. 932, 71 S.Ct. 496, 95 L.Ed. 673 (1951), the taxpayer had leased certain railroad lines to the Reading Com…