Case Name: Appeal of CLARK WILLIAMS ET AL., Executors and Trustees under the Will of MARY CLARK THOMPSON, Deceased
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-06-25
Citations: 2 B.T.A. 168
Docket Number: Docket No. 2822
Parties: Appeal of CLARK WILLIAMS ET AL., Executors and Trustees under the Will of MARY CLARK THOMPSON, Deceased.
Judges: Before James, Littleton, Smith, and Teussell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 2
Pages: 168–169

Head Matter:
Appeal of CLARK WILLIAMS ET AL., Executors and Trustees under the Will of MARY CLARK THOMPSON, Deceased.
Docket No. 2822.
Submitted May 28, 1925.
Decided June 25, 1925.
'William S. Allen, Esq., for the taxpayers.
Edward O. Lake, Esq., for the Commissioner.
Before James, Littleton, Smith, and Teussell.

Opinion:
OPINION.
James:
The 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.