Squier v. Commissioner of Internal Revenue

AUGUSTUS N. HAND, Circuit Judge.

The question is whether certain deductions jn connection with a purchase of 985 shares of stoek of the Shur-Loe Elevator Safety Corn-Pan^ Ina;> at an aggregate cost of $40,500, loaf to that company amounting to $52,9o0, and certain loans to tne Shur-Loc Company °f Ilknols> aggregating^,000, should be allowed a* a dod.uet*on„m comPutjng tkc net income of Edwin M. Squier accruing during the period from January 1, 1926, to the date of his death on November 91, in that year,

During the years 1914 to 1919; Squier had purchased the 985 shares of stock of the Shur-Loe…