Burnet v. Logan
Burnet v. Logan (S.Ct., 1931) This landmark decision is often credited with creating the open transaction doctrine. Statutory and regulatory changes since 1931 have limited the doctrines application. BURNET, COMMISSIONER OF INTERNAL REVENUE, v. LOGAN; SAME v. BRUCE Nos. 521, 522 SUPREME COURT OF THE UNITED STATES 283 U.S. 404; 51 S. Ct. 550; 1931 U.S. LEXIS 896; 75 L. Ed. 1143; 78-2 U.S. Tax Cas. (CCH) P736; 9 A.F.T.R. (P-H) 1453; 1 Cumb.