Appeal of Lutz
2 B.T.A. 484
United States Board of Tax Appeals·Decided September 8, 1925·No. Docket No. 1954·Published·Cited by 2 cases
Opinion
[485] OPINION.
The taxpayer contends that the $23,000 paid as an assessment on his stock during 1922 is a deductible loss in that year.
The question presented is whether or not the sum paid as an assessment was a loss or an additional investment of capital. On the facts before us we are clearly of opinion that the assessment was an additional investment of capital.
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Appeal of Lutz, 2 B.T.A. 484 (bta 1925).
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283 F. Supp. 949 (C.D. California, 1968)
Lutz v. Commissioner
2 B.T.A. 484 (Board of Tax Appeals, 1925)