Ford v. Commissioner
United States Board of Tax Appeals
The petitioners acquired at different times and at different prices shares of stock, for which they held certificates, most of which were for the same number of shares. Upon a split-up of the stock, they surrendered at one time all of their certificates and received new certificates on the basis of five new shares for each old share.
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The petitioners acquired at different times and at different prices shares of stock, for which they held certificates, most of which were for the same number of shares. Upon a split-up of the stock, they surrendered at one time all of their certificates and received new certificates on the basis of five new shares for each old share. They maintained records of their acquisitions upon which, at the time of the exchange, they allocated each new certificate to a particular old one, which allocation was made on the basis of the certificate numbers, the lowest old certificate number being…
1Opinion of the Court
ROBERT E. FORD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
SARA C. FORD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
LINA Y. FORD, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ALLYN K. FORD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Ford v. Commissioner
Docket Nos. 68704-68707, 70738-70740.
United States Board of Tax Appeals
33 B.T.A. 1229; 1936 BTA LEXIS 767;
February 28, 1936, Promulgated
The petitioners acquired at different times and at different prices shares of stock, for which they held certificates, most of which were for the…
2Cases cited1 opinion
- Ford v. CommissionerUnited States Board of Tax Appeals · 1936