Weaver v. Commissioner

Board of Tax Appeals

Weaver v. Commissioner

8 B.T.A. 943, 1927 BTA LEXIS 2771

CourtUnited States Board of Tax Appeals

DecidedOctober 22, 1927

DocketDocket No. 8488.

StatusPublished

Cited by1 cases

This text of 8 B.T.A. 943 (Weaver 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

Weaver v. Commissioner, 8 B.T.A. 943, 1927 BTA LEXIS 2771 (bta 1927).

Pincite

Opinion

[945]*945OPINION.

Lansdon :

The petitioner testified that in December, 1919, he considered his stock in the Fort Worth Lead & Zinc Co. absolutely worthless, and therefore deducted the cost thereof from the gross income shown by his tax return for that year. The Commissioner disallowed the deduction. The evidence indicates clearly that the stock had no value at December 31, 1919. Henry M. Jones v. Commissioner, 4 B. T. A. 1286; Harry H. DeLoss v. Commissioner, 6 B. T. A. 784.

Judgment of no deficiency will be entered for the 'petitioner.

Considered by Sternhagen and AR undell.

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