Batter v. Commissioner
United States Board of Tax Appeals
Losses resulting from the expiration of unexercised "puts" or options to sell stock are subject to the limitation of section 23(r) of the Revenue Act of 1932, because of the express provision of section 23(s)(B).
1Opinion of the Court
CARL J. BATTER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Batter v. Commissioner
Docket No. 81875.
United States Board of Tax Appeals
37 B.T.A. 667; 1938 BTA LEXIS 1006;
April 13, 1938, Promulgated
Losses resulting from the expiration of unexercised "puts" or options to sell stock are subject to the limitation of section 23(r) of the Revenue Act of 1932, because of the express provision of section 23(s)(B).
Charles M. Trammell, Esq., for the petitioner.
Benjamin M. Brodsky, Esq., for the respondent.
MURDOCK
The Commissioner determined a deficiency of $669.71 in the petitioner's…
2Cases cited1 opinion
- Batter v. CommissionerUnited States Board of Tax Appeals · 1938