Hellmers v. Commissioner
This text of 5 B.T.A. 198 (Hellmers 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.
Opinion
This is a proceeding for the redetermination of a deficiency in income tax for the calendar year 1922 in the amount [199]*199of $41.49. The deficiency arises through the action of the Commissioner in disallowing as an expense or loss $1,087.15, the amount paid in excess of the contract price of building a home.
FINDINGS OF FACT.
The taxpayer, during 1922, entered into a contract with a contractor to build a double house, one-half of which was for rental purposes. The contractor charged the taxpayer approximately $8,100 for the completed house. When completed the house was not worth in excess of $6,800.
The taxpayer took as a deduction in'his income-tax return the difference between $6,800 and the cost which he was required to pay the contractor.
Judgment will be entered for the Commissioner.
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Cite This Page — Counsel Stack
5 B.T.A. 198, 1926 BTA LEXIS 2913, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hellmers-v-commissioner-bta-1926.