E. C. Miner Lithographing Co. v. Commissioner
1 B.T.A. 588, 1925 BTA LEXIS 2868
Opinion
[589] DECISION.
The amount of taxable income received by the taxpayer in settlement of its claim against the judgment debtor is the difference between the market value of the shares of stock received, namely, $8,250, and the amount paid by the taxpayer in 1910 as the cost of procuring the judgment, namely, $115.84.
The deficiency in tax should be recomputed in accordance with the foregoing. Final decision will be settled either on consent or on 10 days’ notice in accordance with Rule 50.
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E. C. Miner Lithographing Co. v. Commissioner, 1 B.T.A. 588, 1925 BTA LEXIS 2868 (bta 1925).
1 B.T.A. 588 (E. C. Miner Lithographing Co. v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Appeal of E. C. Mines Lithographing Co.
1 B.T.A. 588 (Board of Tax Appeals, 1925)