Holm v. Commissioner

Board of Tax Appeals

Holm v. Commissioner

13 B.T.A. 322, 1928 BTA LEXIS 3273

CourtUnited States Board of Tax Appeals

DecidedSeptember 10, 1928

DocketDocket No. 4649.

StatusPublished

Cited by1 cases

This text of 13 B.T.A. 322 (Holm 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.

Bluebook

Holm v. Commissioner, 13 B.T.A. 322, 1928 BTA LEXIS 3273 (bta 1928).

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Opinion

This is a proceeding for the redetermination of a deficiency in income tax for the year 1921 in the amount of $3,014. The error assigned is the disallowance by the Commissioner of a deduction claimed by petitioner from his gross income for 1921 of a loss in the amount of $40,000 sustained by him through an alleged investment made in securities and receivables of the City National Bank of Lincoln, Nebr.

The facts in this case are the same as gave rise to the appeal of E. B. Stephenson, 13 B. T. A. 311, and involve the identical issues decided in that case. At the hearing of this case, held at Lincoln, [323]*323Nebr., on March IB, 1928, it was stipulated between the parties that the petition be considered amended to conform with the allegation of facts set forth in the petition of E. B. Stephenson, supra, and that the decision of the Board in that case, should govern and control the decision of the Board in this case. The findings of fact, therefore, made in E. B. Stephenson, 13 B. T. A. 311, and the opinion therein are hereby adopted as the findings and opinion in this case, to which reference is made.

Decision mil he entered for the respondent.

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This is a proceeding for the redetermination of a deficiency in income tax for the year 1921 in the amount of $3,014. The error assigned is the disallowance by the Commissioner of a deduction claimed by petitioner from his gross income for 1921 of a loss in the amount of $40,000 sustained by him through an alleged investment made in securities and receivables of the City National Bank of Lincoln, Nebr.

The facts in this case are the same as gave rise to the appeal of E. B. Stephenson, 13 B. T. A. 311, and involve the identical issues decided in that case. At the hearing of this case, held at Lincoln, [323]*323Nebr., on March IB, 1928, it was stipulated between the parties that the petition be considered amended to conform with the allegation of facts set forth in the petition of E. B. Stephenson, supra, and that the decision of the Board in that case, should govern and control the decision of the Board in this case. The findings of fact, therefore, made in E. B. Stephenson, 13 B. T. A. 311, and the opinion therein are hereby adopted as the findings and opinion in this case, to which reference is made.

Decision mil he entered for the respondent.

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Bluebook (online)

13 B.T.A. 322, 1928 BTA LEXIS 3273, Counsel Stack Legal Research, https://law.counselstack.com/opinion/holm-v-commissioner-bta-1928.

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