Eres v. Commissioner
United States Tax Court
The petitioner owned stock in a corporation of, and located in, Yugoslavia which was deemed to have been seized, upon declaration of war between the United States and Germany in 1941, under section 127 (a) (2), Internal Revenue Code of 1939. Held, that petitioner recovered his interest in the stock in 1945, Andrew P. Solt, 19 T. C. 183, but he has failed to prove that the stock was seized or confiscated in 1945, and, therefore, loss deduction under section 23 (e) of the…
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The petitioner owned stock in a corporation of, and located in, Yugoslavia which was deemed to have been seized, upon declaration of war between the United States and Germany in 1941, under section 127 (a) (2), Internal Revenue Code of 1939. Held, that petitioner recovered his interest in the stock in 1945, Andrew P. Solt, 19 T. C. 183, but he has failed to prove that the stock was seized or confiscated in 1945, and, therefore, loss deduction under section 23 (e) of the Internal Revenue Code of 1939 is denied.
1Opinion of the Court
George Eres, Petitioner, v. Commissioner of Internal Revenue, Respondent
Eres v. Commissioner
Docket No. 29800
United States Tax Court
23 T.C. 1; 1954 U.S. Tax Ct. LEXIS 78;
October 6, 1954, Filed
Decision will be entered for the respondent.
The petitioner owned stock in a corporation of, and located in, Yugoslavia which was deemed to have been seized, upon declaration of war between the United States and Germany in 1941, under section 127 (a) (2), Internal Revenue Code of 1939. Held, that petitioner recovered his interest in the stock in 1945, Andrew P. Solt, 19 T. C. 183, but he has failed to…
2Cases cited6 opinions
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Solt v. CommissionerUnited States Tax Court · 1952
- De Reitzes-Marienwert v. CommissionerUnited States Tax Court · 1954
- Von Dattan v. CommissionerUnited States Tax Court · 1954
- Lamberton v. CommissionerUnited States Tax Court · 1945
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