# Konigsberg v. Commissioner

> United States Board of Tax Appeals · September 25, 1926 · 4 B.T.A. 1027

URL: https://www.frixlaw.com/law-library/cases/4602339

## Case

- **Full name:** APPEAL OF NATHAN KONIGSBERG.
- **Court:** United States Board of Tax Appeals
- **Decided:** September 25, 1926
- **Citations:** 4 B.T.A. 1027; 1926 BTA LEXIS 2096
- **Precedential status:** Published
- **Opinion:** Opinion
- **Judges:** Sternhagen
- **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/4602339

## Opinion text

APPEAL OF NATHAN KONIGSBERG.
Konigsberg v. Commissioner
Docket No. 6016.
United States Board of Tax Appeals
4 B.T.A. 1027 ; 1926 BTA LEXIS 2096 ;
September 25, 1926 , Decided
*2096 Meyer Bernstein, C.P.A., for the petitioner.
D. D. Shepard, Esq., for the Commissioner.
STERNHAGEN
*1027 STERNHAGEN: The Commissioner disallowed the petitioner's deduction of an alleged loss of $17,300 sustained in the sale in 1919 of securities, the disallowance being based on the petitioner's failure to supply the Commissioner with sufficient proof of loss. The Commissioner determined a deficiency of $7,739.58 income tax.
FINDINGS OF FACT.
During 1919 petitioner bought and sold stocks on margin. Among others, he bought 1,000 shares of V. Vivaudou, Inc., in September 1919, for $31 a share and sold them in December, 1919, for $21 a share, thereby sustaining a loss of $10,000. In September, 1919, he bought 400 shares of Transcontinental Oil for $60 a share and sold them in December, 1919, for $40 a share, thereby sustaining a loss of $8,000.
Judgment for the petitioner.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4602339. Public record. Not legal advice.