Richard T. Mullen - Page 3




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            is indistinguishable from Nelson, and we need not reiterate our                            
            analysis.  Accordingly, we hold that the discharge of                                      
            indebtedness income does not increase petitioner's stock basis.                            
                  To reflect the foregoing,                                                            
                                                            Decision will be entered                   
                                                      under Rule 155.                                  





































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