Case: 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
Abbreviation: Perls v. Commissioner
Decision Date: 1927-06-28
Docket Number: Docket Nos. 9166, 9167, 9936
Citation: 7 B.T.A. 568
Volume: 7
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
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: 
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.