RUSSEL v. COMMISSIONER

Docket No. 2400.

3 T.C.M. 817 (1944)

Albert W. Russel v. Commissioner.

United States Tax Court.

Entered August 4, 1944.


Attorney(s) appearing for the Case

W. Dean Hopkins, Esq., 1406 Williamson Bldg., Cleveland, O., and Trafton M. Dye, Esq., for the petitioner. W. W. Kerr, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

LEECH, Judge:

The petitioner seeks a redetermination of a deficiency in income taxes for the year 1941 in the amount of $4,017.80.

The first issue involves the question whether the petitioner realized a capital gain or loss upon the sale of certain shares of stock acquired pursuant to a reorganization under the provisions of section 77B of the National Bankruptcy Act. A second issue is whether compensation...

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