Kimmelman v. Commissioner

Charles Kimmelman v. Commissioner.

Kimmelman v. Commissioner

Docket No. 108595.

United States Tax Court

1943 Tax Ct. Memo LEXIS 374; 1 T.C.M. (CCH) 859; T.C.M. (RIA) 43158;

April 2, 1943

Sidney Harris, Esq., for the petitioner. J. Richard Riggles, Jr., Esq., for the respondent.

ARNOLD

Memorandum Findings of Fact and Opinion

ARNOLD, Judge: The Commissioner determined a deficiency in income tax for 1937 of $2,149.81. The question presented is whether petitioner is entitled to a bad debt deduction from 1937 gross income in the amount of $23,100 as claimed by him, or sustained a capital loss in that…