Appeal of Davis
2 B.T.A. 359
United States Board of Tax Appeals·Decided July 14, 1925·No. Docket No. 2616·Published·Cited by 1 cases
Opinion
[360]*360OPINION.
We think that the contention of the taxpayer is correct in that there would be no realized gain in the repossession of the property by the taxpayer until such time as the property might be disposed of. Appeal of Manomet Cranberry Co., 1 B. T. A. 706.
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Appeal of Davis, 2 B.T.A. 359 (bta 1925).
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Related
Davis v. Commissioner
2 B.T.A. 359 (Board of Tax Appeals, 1925)