Hass v. Commissioner

Board of Tax Appeals

Hass v. Commissioner

13 B.T.A. 1352, 1928 BTA LEXIS 3059

CourtUnited States Board of Tax Appeals

DecidedNovember 1, 1928

DocketDocket No. 14817.

StatusPublished

Cited by1 cases

This text of 13 B.T.A. 1352 (Hass v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Hass v. Commissioner, 13 B.T.A. 1352, 1928 BTA LEXIS 3059 (bta 1928).

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Opinion

[1353]*1353OPINION.

Marquette :

We are satisfied that the petitioner acquired and operated his ranches with a view to profit and that he expended thereon during the year 1921 the amount of $3,006.32, which he is entitled to deduct in computing his net income for that year. The evidence also convinces us that the petitioner sustained a loss of $800 from the sale of the hardware business which he purchased, [1354]*1354or agreed to purchase from Meyers, and that he is entitled to a deduction in that amount.

Judgment will he entered under Rule 50.

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[1353]*1353OPINION.

Marquette :

We are satisfied that the petitioner acquired and operated his ranches with a view to profit and that he expended thereon during the year 1921 the amount of $3,006.32, which he is entitled to deduct in computing his net income for that year. The evidence also convinces us that the petitioner sustained a loss of $800 from the sale of the hardware business which he purchased, [1354]*1354or agreed to purchase from Meyers, and that he is entitled to a deduction in that amount.

Judgment will he entered under Rule 50.

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13 B.T.A. 1352, 1928 BTA LEXIS 3059, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hass-v-commissioner-bta-1928.

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