sales
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 311 U.S. 504 - Helvering v. Hammel · 1941Most cited · 595 citing opinions
losses from capital assets
the 'sales' referred to in the statute include forced sales such as have sufficed, under long accepted income tax practice, to establish a deductible loss in the case of non-capital assets. Such sales can equally be taken to establish the loss in the case of capital assets without infringing the declared policy of the statute to treat capital gains and losses on a parity.
How often courts cite the case defining “sales”
Court decisions citing the opinion that defined “sales” — 592 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.