¶2The deceased sold during the year 1919 stock which had a value on March 1, 1913, in excess of the selling price, but which had a value at the date of its acquisition by her of less than the selling price. These facts bring the case clearly within the rule as laid down by the United States Supreme Court in United States v. Flannery, 268 U. S. 98, and McCaughn v. Ludington, 268 U. S. 106, decided by that court on April 13, 1925.
2 B.T.A. 168
Williams v. Commissioner
United States Board of Tax Appeals
Decided June 25, 1925
United States Board of Tax Appeals · decided 1925-06-25
Relies on United States v. Flannery · McCaughn v. Ludington
Decided 1925-06-25