Case Name: Leo T. Perls, Petitioner, v. Commissioner of Internal Revenue, Respondent; Adolph Rosenberg, Petitioner, v. Commissioner of Internal Revenue, Respondent; Sara F. Rosenberg, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-06-28
Citations: 7 B.T.A. 568
Docket Number: Docket Nos. 9166, 9167, 9936
Parties: Leo T. Perls, Petitioner, v. Commissioner of Internal Revenue, Respondent. Adolph Rosenberg, Petitioner, v. Commissioner of Internal Revenue, Respondent. Sara F. Rosenberg, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 7
Pages: 568–574

Head Matter:
Leo T. Perls, Petitioner, v. Commissioner of Internal Revenue, Respondent. Adolph Rosenberg, Petitioner, v. Commissioner of Internal Revenue, Respondent. Sara F. Rosenberg, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket Nos. 9166, 9167, 9936.
Promulgated June 28, 1927.
Joseph R. Little, Esq., for the petitioners.
Robert A. Littleton, Esq., for the respondent.

Opinion:
OPINION.
Milliken :
The sole issue is whether the three stockholders of A. Rosenberg & Co., Inc., sustained deductible losses in the year 1924 by reason of the surrender Jjy them to the corporation of certain amounts of preferred stock. Even assuming, without admitting, that the petitioners did suffer losses, we are unable to determine the amount thereof for we have no evidence of the cost to the petitioners of the stock surrendered.
Judgment will be entered for the resfondent.