Laurens Trust Co. v. Commissioner

Board of Tax Appeals

Laurens Trust Co. v. Commissioner

3 B.T.A. 331, 1926 BTA LEXIS 2704

United States Board of Tax Appeals·Decided January 14, 1926·No. Docket No. 3930.·Published·Cited by 1 cases

Opinion

[332] DECISION.

In computing the deficiency in this appeal, bad debt deductions; should be allowed in the amount of $35,939.68, and there should be-included in gross income derived from the Simpson land transaction only the amount of the cash payment of $2,247.50. Otherwise, the, determination of the Commissioner is approved. Final determination will be settled upon 15 days’ notice, pursuant to Rule 50.

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[332] DECISION.

In computing the deficiency in this appeal, bad debt deductions; should be allowed in the amount of $35,939.68, and there should be-included in gross income derived from the Simpson land transaction only the amount of the cash payment of $2,247.50. Otherwise, the, determination of the Commissioner is approved. Final determination will be settled upon 15 days’ notice, pursuant to Rule 50.

Laurens Trust Co. v. Commissioner, 3 B.T.A. 331, 1926 BTA LEXIS 2704 (bta 1926).

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Opinion

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