capital gain
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 287 U.S. 103 - Burnet v. Harmel · 1932Most cited · 1,933 citing opinions
taxable gain from the sale or exchange of capital assets consummated after December 31, 1921." By § 208 (a) (8) " capital assets " means property held by the taxpayer for more than two years but does not include property " which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale in the course of his trade or business." Related provisions of the sectio
How often courts cite the case defining “capital gain”
Court decisions citing the opinion that defined “capital gain” — 1,933 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.