BELL v. COMMISSIONER

Docket No. 109214.

1 T.C.M. 437 (1943)

A. J. Bell v. Commissioner.

United States Tax Court.

Entered January 19, 1943.


Attorney(s) appearing for the Case

Joseph M. Kennedy, Esq., 1000 Jones Law Bldg., Pittsburgh, Pa., for the petitioner. J. Harrison Miller, Esq., for the respondent.


Memorandum Opinion

LEECH, Judge:

Respondent determined a deficiency in income taxes for the calendar year 1939 against petitioner in the sum of $778.38. Petitioner sold certain stock and warrants in the taxable year. The only question is his basis for the computation of gain or loss on that sale.

[The Facts]

The facts were stipulated and are so found. The petitioner resides in Pittsburgh, Pennsylvania, and filed his individual income...

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