Fesler v. Commissioner

DOUGLAS F. FESLER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Fesler v. Commissioner

Docket No. 12480.

United States Board of Tax Appeals

13 B.T.A. 1356; 1928 BTA LEXIS 3046;

November 2, 1928, Promulgated

Respondent's determination that securities received upon an exchange in 1923 had a readily realizable market value approved.

Joseph McCormack, Esq., and F. A. Thulin, Esq., for the petitioner.

James A. O'Callaghan, Esq., for the respondent.

SIEFKIN

SIEFKIN: This is a proceeding for the redetermination of a deficiency in income tax for the calendar year 1923 in the amount of…