Metropolitan Laundry Co. v. United States

GOODMAN, District Judge.

The sole issue in this action for the refund of income taxes is whether plaintiff suffered a deductible loss in 1943 when it abandoned its San Francisco laundry mutes after the Government, in condemnation proceedings, took possession of its laundry plant. In claims for refund filed with the Collector of Internal Revenue at San Francisco on February 20, 1946, plaintiff asserted this loss as the basis for refund of the $1,599.05 .in income taxes paid for 1943, and also, by virtue of the “carry-over” privilege, 26 U.S.C. § 122(b) (2), as the basis for refund of the…