Buffalo Wills-Sainte Claire Corp. v. Commissioner

APPEAL OF BUFFALO WILLS-SAINTE CLAIRE CORPORATION.

Buffalo Wills-Sainte Claire Corp. v. Commissioner

Docket No. 3207.

United States Board of Tax Appeals

2 B.T.A. 364; 1925 BTA LEXIS 2424;

July 15, 1925, Decided Submitted June 16, 1925.

Upon the pleadings, held, that the taxpayer may not deduct a loss in 1921 from net income in 1922.

Ellis W. Manning, Esq., for the Commissioner.

JAMES

Before JAMES and TRUSSELL.

This is an appeal from the determination of a deficiency in income tax for the year 1922 in the amount of $664.51. The question involved is the right of the taxpayer to deduct from the net income…