United States Ninth Circuit

Lump sum consideration for the assignment of the right to future lottery payments constituted ordinary income, not a capital gain. Summary judgment for the government is affirmed.

Appellate Information

• Argued 10/07/2003
• Decided 01/30/2004
• Published 01/30/2004

Judges

• FISHER, Circuit Judge:, Before:  TROTT, FISHER and GOULD, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellees:
  
• Glen J. MacGrady,MacGrady Law Offices, New Milford, CO, for the defendants-appellants., Joel McElvain, United States Department of Justice, Tax Division, Washington, DC, for the plaintiff-appellee.