Hewes v. Commissioner

APPEAL OF CHARLES P. HEWES.

Hewes v. Commissioner

Docket No. 3859.

United States Board of Tax Appeals

2 B.T.A. 1279; 1925 BTA LEXIS 2109;

November 9, 1925, Decided Submitted July 27, 1925.

The value of the taxpayer's interest in a parcel of land as of March 1, 1913, determined.

Newell W. Ellison, Esq., for the taxpayer.

E. C. Lake, Esq., for the Commissioner.

MARQUETTE

Before MARQUETTE and MORRIS.

This appeal is from the determination of a deficiency in income tax for 1918 in the amount of $4,691.33.

The only question involved is the amount of profit realized by the taxpayer upon the sale of real estate…