United States Board of Tax Appeals January 20, 1931, Docket No. 21285. (E. McLaughlin Estate Co. v. Commissioner)

lead-opinion

*1268OPINION.

Seawell:

The record in this case is far from being satisfactory. E. McLaughlin in 1903 purchased the Turk and Jones Streets prop*1269erty for $160,000, and in 1911 he caused the petitioner to be organized and all its stock, aggregating $500,000 par value, to be subscribed for in the names of himself and his four daughters, as shown in the findings of fact, the