# Wilson v. Commissioner > United States Board of Tax Appeals · February 21, 1929 · 15 B.T.A. 536 URL: https://www.frixlaw.com/law-library/cases/4489226 ## Case - **Full name:** J. H. WILSON, v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** February 21, 1929 - **Citations:** 15 B.T.A. 536; 1929 BTA LEXIS 2832 - **Precedential status:** Published - **Opinion:** Opinion of the court by Phillips - **Judges:** Phillips - **Cited by:** 0 later opinions in the Frix Law Library ## Citator (automated) - No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases. - Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4489226 ## Opinion text Phillips: The petitioner appeals from the determination of deficiencies in income tax of $2,808.56 for 1920, $202.92 for 1922, $681.76 for 1923, and $174.68 for 1924. The only error alleged is the refusal of the Commissioner to allow a deduction in 1920 of a loss alleged to have been sustained on the sale of stock of Nick-a-Jack Hosiery Mills, FINDINGS OP PACT. In the years 1918 to 1920, inclusive, the petitioner purchased 90 shares of the capital stock of Nick-a-Jack Hosiery Mills at a cost of $13,800. On November 29, 1920, he sold such stock for $2,000. In computing the deficiency for 1920 the Commissioner failed to allow any deduction for the loss sustained on such sale. Decision will he entered for the petitioner under Rule 60 as to the year 1920 and for the respondent as to the years 1922,1923, and 1924. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4489226. Public record. Not legal advice.