Stimson v. Commissioner
United States Board of Tax Appeals
1. Income derived from the operation of a certain building held to be separate income of petitioner. 2. Loss, measured by the difference between the cost of stock and the amount of liquidating dividends received, allowed as a deduction. 3. Loss alleged to have been sustained on the sale of a tract of land disallowed in the absence of proof of the value of the property at the time of its acquisition by gift.
1Opinion of the Court
C. W. STIMSON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Stimson v. Commissioner
Docket No. 28847.
United States Board of Tax Appeals
22 B.T.A. 26; 1931 BTA LEXIS 2188;
February 2, 1931, Promulgated
1. Income derived from the operation of a certain building held to be separate income of petitioner.
2. Loss, measured by the difference between the cost of stock and the amount of liquidating dividends received, allowed as a deduction.
3. Loss alleged to have been sustained on the sale of a tract of land disallowed in the absence of proof of the value of the property at the time of its…
2Cases cited1 opinion
- Stimson v. CommissionerUnited States Board of Tax Appeals · 1931