This proceeding involves a deficiency of $35,445.15 in income tax for 1938. The issues are whether the Commissioner erred:
1. In determining that petitioner's basis for 150 shares of stock of the Forrester Box Co., acquired in an exchange in 1922, was $49,554.02, the cost of stock of the Forrester-Nace Box Co. given up in the exchange.
2. In failing to determine that 150 other shares of stock of the Forrester Box Co., acquired in October 1926, had a cost basis...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
