Wolfson v. Reinecke

FITZHENRY, Circuit Judge.

This appeal involves income taxes for the year 1919, in the amount of $31,289.55, principal, and interest in the amount of $1,668.-78, making a total of $32,958.33. Appellant has paid the tax and seeks to recover $19,-879.50 thereof. From the judgment of the District Court in favor of appellee, this appeal is prosecuted.

From 1903 to September, 1919, appellant and one A.dolina.n wore doing business as a partnership. September 20, 1919, the partnership was dissolved. Appellant sold his entire interest in the partnership business to Adelman for $280,000, to be paid,…