Hazlett v. Commissioner

Board of Tax Appeals

Hazlett v. Commissioner

23 B.T.A. 303, 1931 BTA LEXIS 1895

United States Board of Tax Appeals·Decided May 18, 1931·No. Docket No. 42215.·Published·Cited by 1 cases

Opinion

OPINION.

Steenhagen :

The petitioner contends that the full commission of $5,000 should be deducted in 1925, the year of sale, while respondent defends his action in allowing the deduction of only $1,000, or 20 per cent of the commission, on the ground that the first installment of the purchase price, paid in 1925, was only 20 per cent of the whole.

The question presented in this case is the same as that in E. A. Giffin, 19 B. T. A. 1243, and in accordance therewith,

Judgment will be entered for the respondent¡

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OPINION.

Steenhagen :

The petitioner contends that the full commission of $5,000 should be deducted in 1925, the year of sale, while respondent defends his action in allowing the deduction of only $1,000, or 20 per cent of the commission, on the ground that the first installment of the purchase price, paid in 1925, was only 20 per cent of the whole.

The question presented in this case is the same as that in E. A. Giffin, 19 B. T. A. 1243, and in accordance therewith,

Judgment will be entered for the respondent¡

Hazlett v. Commissioner, 23 B.T.A. 303, 1931 BTA LEXIS 1895 (bta 1931).

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Opinion

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