Bullock v. Commissioner
United States Board of Tax Appeals
1. Where petitioner in 1913 acquired stock in a corporation which he in 1923 exchanged for stock in another corporation on which transaction neither a gain nor loss was recognizable under the statute, and in 1924 sold at a loss part of the stock acquired in 1923, the loss is not a "capital net loss" under the provisions of section 208 of the Revenue Act of 1924, the new stock not having been held for more than two years. 2. Loss from the sale of real estate originally…
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1. Where petitioner in 1913 acquired stock in a corporation which he in 1923 exchanged for stock in another corporation on which transaction neither a gain nor loss was recognizable under the statute, and in 1924 sold at a loss part of the stock acquired in 1923, the loss is not a "capital net loss" under the provisions of section 208 of the Revenue Act of 1924, the new stock not having been held for more than two years. 2. Loss from the sale of real estate originally acquired as a residence and later converted into business property determined.
1Opinion of the Court
GEORGE BULLOCK, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bullock v. Commissioner
Docket No. 31209.
United States Board of Tax Appeals
23 B.T.A. 710; 1931 BTA LEXIS 1836;
June 15, 1931, Promulgated
1. Where petitioner in 1913 acquired stock in a corporation which he in 1923 exchanged for stock in another corporation on which transaction neither a gain nor loss was recognizable under the statute, and in 1924 sold at a loss part of the stock acquired in 1923, the loss is not a "capital net loss" under the provisions of section 208 of the Revenue Act of 1924, the new stock not…
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- United States v. FlannerySupreme Court of the United States · 1925
- Marr v. United StatesSupreme Court of the United States · 1925
- Heiner v. TindleSupreme Court of the United States · 1928
- McCaughn v. LudingtonSupreme Court of the United States · 1925
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