Case: W. F. Bavinger, Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Bavinger v. Commissioner
Decision Date: 1931-04-20
Docket Number: Docket No. 22431
Citation: 22 B.T.A. 1239
Volume: 22
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: W. F. Bavinger, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 1239–1240

Head Matter:
W. F. Bavinger, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 22431.
Promulgated April 20, 1931.
W. F. Bavinger pro se.
A. J. Tonyes, Esq., for the respondent.

Opinion:
OPINION.
Lansdon:
The petitioner contends that in the circumstances set out above he sustained a loss in 1922 in the amount of $14,510.03. The respondent has disallowed this deduction on the theory that the payment, having been made .by a stockholder of the corporation for the purpose of protecting his interest therein, must be regarded as additional cost of the petitioner's stock. Upon authority of prior decisions of the Board we must hold that this view is correct. Harry E. Lutz, 2 B T. A. 484; John G. Paxton, 7 B. T. A. 92; Warren E. Burns et al, 11 B. T. A. 524; Burns v. Commissioner, 31 Fed. (2d) 399; 280 U. S. 564; B. Estes Vaughn, 17 B. T. A. 620; and Snider B. Ward, 18 B. T. A. 326.
Decision will he entered for the respondent.