Forbes v. Commissioner
United States Tax Court
Section 23 (a) (2) -- Nonbusiness Expense Deduction -- Proximate Relation. -- Held, a payment of $ 1,000 made by the petitioner to the Investors League, Inc., in 1946, is not a deductible nonbusiness expense under section 23 (a) (2), where there is no proximate relation of the expenditure to the production or collection of petitioner's income or the management, conservation, or maintenance of income producing property of the petitioner.
1Opinion of the Court
Bertie Charles Forbes, Petitioner, v. Commissioner of Internal Revenue, Respondent
Forbes v. Commissioner
Docket No. 29327
United States Tax Court
18 T.C. 321; 1952 U.S. Tax Ct. LEXIS 194;
May 16, 1952, Promulgated
Decision will be entered for the respondent.
Section 23 (a) (2) -- Nonbusiness Expense Deduction -- Proximate Relation. -- Held, a payment of $ 1,000 made by the petitioner to the Investors League, Inc., in 1946, is not a deductible nonbusiness expense under section 23 (a) (2), where there is no proximate relation of the expenditure to the production or collection of petitioner's income…
2Cases cited1 opinion
- Forbes v. CommissionerUnited States Tax Court · 1952