WALSINGHAM v. UNITED STATES

No. 8547(2).

111 F.Supp. 61 (1953)

WALSINGHAM et al. v. UNITED STATES.

United States District Court E. D. Missouri, E. D.

March 26, 1953.


Attorney(s) appearing for the Case

Tralles, Hoffmeister & Gilpin, and Fred J. Hoffmeister, of St. Louis, Mo., for plaintiff.

George L. Robertson, U. S. Atty., and W. Francis Murrell, Asst. U. S. Atty., of St. Louis, Mo., for defendant.


HULEN, District Judge.

Can the executors of a deceased taxpayer reopen the taxpayer's 1947 tax return to readjust the cost basis of stock to reflect an increase in the price paid for the stock and thereby reduce the amount on which a capital gain tax is due (the taxpayer having sold the stock in 1947 for $400 a share), because a settlement in a suit by the widow of the taxpayer against the estate in 1951 stipulated the widow shall be, and was, paid on a basis of ...

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