Kohn v. Commissioner
United States Board of Tax Appeals
Loss held properly deductible by residuary legatees rather than estate.
1Opinion of the Court
*663OPINION.
Siei'kin :
Aside from the question as to the loss on German marks, as to which the respondent has admitted error, a single question is presented. The facts show that a loss was sustained in 1922, but the deductibility of the amount by these petitioners depends upon whether the estate was still in process of administration in 1922.
*664In support of the respondent’s determination, which assumes that administration of the estate was still in process in 1922, it is shown that income and estate taxes in varying amounts were not settled at the end of the year 1921, and that the books of account…
2Cases cited10 opinions
- Blood v. . KaneNew York Court of Appeals · 1892
- Sage v. United StatesSupreme Court of the United States · 1919
- Simpson v. United StatesSupreme Court of the United States · 1920
- Henry v. United StatesSupreme Court of the United States · 1920
- United States v. JonesSupreme Court of the United States · 1915
5 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Anderson v. CommissionerUnited States Tax Court · 1945
- Kohn v. CommissionerUnited States Board of Tax Appeals · 1929