Appeal of Bowen
2 B.T.A. 1043
United States Board of Tax Appeals·Decided October 27, 1925·No. Docket No. 2690·Published·Cited by 1 cases
Opinion
[1044]*1044OPINION.
Under the laws of the State of Nevada, as well as the laws of most of the other western States, the locator of a mining; claim may lose the claim and all rights therein by abandonment. Weill v. Lucerne Mining Co., 11 Nev. 200; Mallett v. Uncle Sam Gold, etc., Mining Co., 1 Nev. 188. This taxpayer abandoned the claim in 1919, and consequently lost all his rights therein in that year. His loss resulting therefrom, being properly deductible only in the year in which sustained, should be deducted in 1919.
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Appeal of Bowen, 2 B.T.A. 1043 (bta 1925).
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Related
Bowen v. Commissioner
2 B.T.A. 1043 (Board of Tax Appeals, 1925)