Austin v. Commissioner
Appeal of WILBERT J. AUSTIN.
Summary
Syllabus and headnotes are prepared by the reporter or publisher, not the court, and are not part of the opinion.
Opinion of the Court
Text extracted by OCR from a scanned original; check the original for exact wording.
decision.
The taxpayer and the Commissioner having agreed that the item of $12,740.03, claimed as a deduction for loss on sale of stocks and bonds in the taxpayer’s 1920 income tax return, should be disallowed to the extent of $1,131.90, the deficiency should be computed accordingly.
Final decision of this Board will be settled on consent or on seven days’ notice by either party.
Combined text as published — syllabus, headnotes and all opinions in one document
Appeal of WILBERT J. AUSTIN.
Austin v. Commissioner
Docket No. 82.
United States Board of Tax Appeals 1 B.T.A. 18 ; 1924 BTA LEXIS 277 ; October 18, 1924 , decided Submitted October 15, 1924 .
*277 Deficiency to be determined in accordance with stipulation.
No appearance for the taxpayer.
Robert A. Littleton, Esq. (Nelson T. Hartson, Solicitor of Internal Revenue) for the Commissioner.
*19 Before IVINS, KORNER, and MARQUETTE.
DECISION.
The taxpayer and the Commissioner having agreed that the item of $12,740.03, claimed as a deduction for loss on sale of stocks and bonds in the taxpayer's 1920 income tax return, should be disallowed to the extent of $1,131.90, the deficiency should be computed accordingly.
Final decision of this Board will be settled on consent or on seven days' notice by either party.
How later courts describe this case
No later court has written an explanatory parenthetical about this case yet.
Cited by 0 cases
No case in this database cites this case.