STOLL v. COMMISSIONER

Docket No. 6980.

5 T.C.M. 731 (1946)

C. W. Stoll v. Commissioner.

United States Tax Court.

Entered August 19, 1946.


Attorney(s) appearing for the Case

Edgar W. Pugh, Esq., 3653 Penobscot Bldg., Detroit, Mich., for the petitioner. Clarence E. Price, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

ARUNDELL, Judge:

This proceeding involves a deficiency of $10,274.71 in income tax for the calendar year 1941.

Four issues are raised:

(1) Was the short-term capital gain on the sale of the steamer, Belgium, the income of petitioner or was the amount in question properly reportable as income of his sons?

(2) Did the respondent err in disallowing...

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