Lutz v. Commissioner
2 B.T.A. 484, 1925 BTA LEXIS 2353
Opinion
[485] OPINION.
The taxpayer contends that the $23,000 paid as an assessment on his stock during 1922 is a deductible loss in that year.
The question presented is whether or not the sum paid as an assessment was a loss or an additional investment of capital. On the facts before us we are clearly of opinion that the assessment was an additional investment of capital.
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Lutz v. Commissioner, 2 B.T.A. 484, 1925 BTA LEXIS 2353 (bta 1925).
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Related
Appeal of Lutz
2 B.T.A. 484 (Board of Tax Appeals, 1925)