United States Board of Tax Appeals June 27, 1940, Docket No. 90873 (Connelly v. Commissioner)

lead-opinion

*243OPINION.

Tyson :

The issue presents a question of fact as to whether the old bank stock actually became worthless in the taxable year 1934, which presupposes that it had value during 1933, or, whether such stock became worthless during 1933.