Coombs v. Commissioner
United States Board of Tax Appeals
Where petitioner offered through a securities auctioneer to dispose of certain stock, which on December 26, 1929, was bid for and procured by a partnership of which her husband was a member holding a third interest therein, and immediately thereafter the amount paid by the partnership to the auctioneer as purchase price for the stock, less commissions, was deposited by the petitioner to her account with the partnership, and on March 7, 1930, petitioner procured back the same…
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Where petitioner offered through a securities auctioneer to dispose of certain stock, which on December 26, 1929, was bid for and procured by a partnership of which her husband was a member holding a third interest therein, and immediately thereafter the amount paid by the partnership to the auctioneer as purchase price for the stock, less commissions, was deposited by the petitioner to her account with the partnership, and on March 7, 1930, petitioner procured back the same number of shares of such stock from this partnership, held, the transaction did not constitute a bona fide sale…
1Opinion of the Court
LULU TIRRILL COOMBS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Coombs v. Commissioner
Docket No. 62490.
United States Board of Tax Appeals
30 B.T.A. 35; 1934 BTA LEXIS 1382;
March 8, 1934, Promulgated
Where petitioner offered through a securities auctioneer to dispose of certain stock, which on December 26, 1929, was bid for and procured by a partnership of which her husband was a member holding a third interest therein, and immediately thereafter the amount paid by the partnership to the auctioneer as purchase price for the stock, less commissions, was deposited by the…
2Cases cited1 opinion
- Coombs v. CommissionerUnited States Board of Tax Appeals · 1934