Anderson v. Commissioner
United States Board of Tax Appeals
1. Net value of rights to purchase stock in addition to stock held, and in proportion to such stock so held, enters into computation of cost of original stock purchase, in determining amount of gain or loss in sale thereof. 2. Taxes paid at source on tax-free covenant bonds are not taxable income.
1Opinion of the Court
APPEAL OF ISABEL ANDERSON.
Anderson v. Commissioner
Docket No. 1394.
United States Board of Tax Appeals
5 B.T.A. 27; 1926 BTA LEXIS 2004;
October 4, 1926, Decided
1. Net value of rights to purchase stock in addition to stock held, and in proportion to such stock so held, enters into computation of cost of original stock purchase, in determining amount of gain or loss in sale thereof.
2. Taxes paid at source on tax-free covenant bonds are not taxable income.
Allison R. Brown, C.P.A., for the petitioner.
M. N. Fisher, Esq., for the Commissioner.
LOVE
This appeal is from the determination of deficiencies…
2Cases cited1 opinion
- Anderson v. CommissionerUnited States Board of Tax Appeals · 1926