Estate of J. F. Ames v. Commissioner
United States Tax Court
Debt from son to father which became worthless in 1939 allowed as deduction from father's income for that year. Section 23 (k) (1) I.R.C. of 1939, as amended.
1Opinion of the Court
Estate of J. F. Ames, Deceased, Evelyn H. Ames, Executrix v. Commissioner.
Estate of J. F. Ames v. Commissioner
Docket No. 1294.
United States Tax Court
1946 Tax Ct. Memo LEXIS 267; 5 T.C.M. (CCH) 73; T.C.M. (RIA) 46036;
February 7, 1946
Debt from son to father which became worthless in 1939 allowed as deduction from father's income for that year. Section 23 (k) (1) I.R.C. of 1939, as amended.
Ormond Somerville, Esq., John W. Lapsley, Esq., and Henry J. Pratt, C.P.A., for the petitioner. Edward L. Potter, Esq., for the respondent.
TYSON
Memorandum Findings of Fact and Opinion
Respondent determined a…
2Cases cited3 opinions
- Grossman v. CommissionerUnited States Board of Tax Appeals · 1927
- Pierce v. CommissionerUnited States Board of Tax Appeals · 1940
- Sooy v. CommissionerUnited States Board of Tax Appeals · 1928
3Cited by3 opinions
- Hunt v. CommissionerUnited States Tax Court · 1989
- Crotty v. CommissionerUnited States Tax Court · 1990
- Goldstein v. CommissionerUnited States Tax Court · 1980