Coen v. Commissioner
United States Board of Tax Appeals
Loss sustained in 1921 held not "resulting from the operation of a trade or business regularly carried on by the taxpayer," and not deductible in 1922 as a net loss under section 204, Revenue Act of 1921.
1Opinion of the Court
GARNET W. COEN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Coen v. Commissioner
Docket No. 23173.
United States Board of Tax Appeals
18 B.T.A. 1274; 1930 BTA LEXIS 2491;
February 20, 1930, Promulgated
Loss sustained in 1921 held not "resulting from the operation of a trade or business regularly carried on by the taxpayer," and not deductible in 1922 as a net loss under section 204, Revenue Act of 1921.
Ewell D. Moore, Esq., for the petitioner.
J. E. Mather, Esq., for the respondent.
STERNHAGEN
The Commissioner determined a deficiency of $1,093.85 in income tax for the calendar year…
2Cases cited1 opinion
- Coen v. CommissionerUnited States Board of Tax Appeals · 1930