Martin v. W. Hall v. Commissioner
United States Tax Court
Petitioner acquired on different dates as a unit an equal number of shares of a bank and a securities corporation. He sold during the taxable year shares of the bank and here seeks an allocation of cost for purposes of determining amount of loss sustained. Held, evidence does not furnish a factual basis upon which to make an apportionment. Barber Securities Corp., 45 B.T.A. 521, followed.
1Opinion of the Court
Martin V. W. Hall v. Commissioner.
Martin v. W. Hall v. Commissioner
Docket No. 4246.
United States Tax Court
1945 Tax Ct. Memo LEXIS 154; 4 T.C.M. (CCH) 642; T.C.M. (RIA) 45208;
June 21, 1945
Petitioner acquired on different dates as a unit an equal number of shares of a bank and a securities corporation. He sold during the taxable year shares of the bank and here seeks an allocation of cost for purposes of determining amount of loss sustained. Held, evidence does not furnish a factual basis upon which to make an apportionment. Barber Securities Corp., 45 B.T.A. 521, followed.
Charles A. Roberts,…
2Cases cited5 opinions
- Hagerman v. CommissionerUnited States Board of Tax Appeals · 1936
- Orvilletta, Inc. v. CommissionerUnited States Board of Tax Appeals · 1942
- Barber Securities Corp. v. CommissionerUnited States Board of Tax Appeals · 1941
- Green v. CommissionerUnited States Board of Tax Appeals · 1935
- deCoppet v. CommissionerUnited States Board of Tax Appeals · 1938