Coosa Land Co. v. Commissioner

HUTCHESON, Circuit Judge.

Appealing from a decision of the United States Board of Tax Appeals, finding deficiencies for the calendar years 1926 and 1927, and from an order of re-determination accordingly, petitioner claims* error in the disposition of three items. The first is a claimed loss in petitioner’s investment in the stock of the Boll-We-Go Company. The claim as to this is that it became worthless not in 1924, as found by the Board, but in 1925, resulting in a net loss to petitioner available to it in 1926, and in the alternative, if it did become *556worthless m 1924, there was a net loss…