Miller v. Commissioner
United States Board of Tax Appeals
Where a taxpayer instructs his broker to sell certain shares of stock purchased at different times and at different prices, and the broker executes the sale, and, as the taxpayer's agent, delivers specific certificates in his hands for stock belonging to the taxpayer, the stock actually sold is the stock represented by the certificates delivered, and the profit should be computed on the shares actually sold rather than on those which the taxpayer intended to sell.
1Opinion of the Court
WILLIAM W. MILLER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Miller v. Commissioner
Docket No. 64861.
United States Board of Tax Appeals
31 B.T.A. 192; 1934 BTA LEXIS 1141;
September 19, 1934, Promulgated
Where a taxpayer instructs his broker to sell certain shares of stock purchased at different times and at different prices, and the broker executes the sale, and, as the taxpayer's agent, delivers specific certificates in his hands for stock belonging to the taxpayer, the stock actually sold is the stock represented by the certificates delivered, and the profit should be…
2Cases cited1 opinion
- Miller v. CommissionerUnited States Board of Tax Appeals · 1934