Leslie H. Baker, Jr., Plaintiff-appellant, v. United States of America, Defendant-appellee, 514 F.2d 722 (5th Cir. 1975)

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US Court of Appeals for the Fifth Circuit - 514 F.2d 722 (5th Cir. 1975) June 13, 1975

Leslie H. Baker, Jr., pro se.

Frank D. McCown, U. S. Atty., William L. Johnson, Jr., Asst. U. S. Atty., Ft. Worth, Tex., Scott P. Crampton, Asst. Atty. Gen., Tax Div., Harry Marselli, William M. Brown, Gilbert E. Andrews, Acting Chief, App. Section, U. S. Dept. of Justice, Washington, D. C., for defendant-appellee.

Appeal from the United States District Court for the Northern District of Texas.

Before BROWN, Chief Judge, and GODBOLD and GEE, Circuit Judges.


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.



Rule 18, 5 Cir.; see Isbell Enterprises, Inc. v. Citizens Casualty Company of New York et al., 5 Cir., 1970, 431 F.2d 409, Part I


Baker v. District Director, 5 Cir., 1972, 468 F.2d 199