United States Board of Tax Appeals June 25, 1925, Docket No. 2465 (Appeal of Hencken)

This is an appeal from the determination of a deficiency in income tax for the year 1920 in the amount of $2,484.49. The taxpayer olaims a loss on the sale of certain securities.

FINDINGS OE PACT.

The taxpayer is an individual residing in the City of New York. In 1908 and 1910 the taxpayer purchased 1,000 shares of the common capital stock of the Lehigh Valley Railroad Co.