# Haywood v. Commissioner > United States Board of Tax Appeals · June 5, 1928 · 12 B.T.A. 407 URL: https://www.frixlaw.com/law-library/cases/4622684 ## Case - **Full name:** WILLIAM H. HAYWOOD, v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** June 5, 1928 - **Citations:** 12 B.T.A. 407; 1928 BTA LEXIS 3555 - **Precedential status:** Published - **Opinion:** Opinion - **Judges:** Steenhagen - **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/4622684 ## Opinion text WILLIAM H. HAYWOOD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. Haywood v. Commissioner Docket No. 11847. United States Board of Tax Appeals 12 B.T.A. 407 ; 1928 BTA LEXIS 3555 ; June 5, 1928 , Promulgated *3555 C. M. Edelman, C.P.A., for the petitioner. Bruce Low, Esq., for the respondent. STERNHAGEN *407 STERNHAGEN: This is a proceeding for the redetermination of a deficiency of $381.75 for 1921. In 1910, the petitioner purchased 25 shares of the capital stock of the T. A. Clark Co. for $2,500. The March 1, 1913, value of the stock was $6,599.50. In December, 1921, he sold the stock for $3,700. In his income-tax return for 1921 he deducted as a loss the difference between the March 1, 1913, value and the sales price. The respondent disallowed the deduction. The petitioner suffered no deductible loss upon the sale of his stock for an amount greater than the cost but less than the March 1, 1913, value thereof. , and . Judgment will be entered for the respondent. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4622684. Public record. Not legal advice.