Peters v. Commissioner

ANDREW J. PETERS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Peters v. Commissioner

Docket No. 54050.

United States Board of Tax Appeals

28 B.T.A. 976; 1933 BTA LEXIS 1064;

August 8, 1933, Promulgated

Harold L. Clark, Esq., for the petitioner.

Henry A. Cox, Esq., for the respondent.

GOODRICH

Respondent has made a determination of deficiency in income tax for 1928 of $7,508.77, which petitioner attacks on the sole ground of respondent's refusal to allow a capital loss in the amount of $60,079, claimed to have been sustained upon the sale of certain stock.

FINDINGS OF FACT.

Petitioner,…