SCOTUS Reports

Strauss v. Commissioner, 8 T.C. 1058 (1947): Assignment of Royalty Rights and Taxable Income

May 15, 1947

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8 T.C. 1058 (1947)

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A taxpayer who assigns all rights and interest in income-producing property, such as royalty rights, is not taxable on the income generated by that property after the assignment.

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Summary

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Lewis L. Strauss assigned his royalty rights from the

Full Opinion

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