Anderson v. Commissioner
United States Board of Tax Appeals
1. Payment by taxpayer of a judgment for liability for death of another resulting from driving his automobile, held, under the circumstances, too remote to be deductible as a loss sustained in business. 2. Amounts received as consideration for mineral deeds in Oklahomaheld ordinary income and not capital gain.
1Opinion of the Court
FOREST ANDERSON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Anderson v. Commissioner
Docket No. 64360.
United States Board of Tax Appeals
30 B.T.A. 597; 1934 BTA LEXIS 1299;
May 1, 1934, Promulgated
1. Payment by taxpayer of a judgment for liability for death of another resulting from driving his automobile, held, under the circumstances, too remote to be deductible as a loss sustained in business.
2. Amounts received as consideration for mineral deeds in Oklahomaheld ordinary income and not capital gain.
Stanley Suydam, Esq., for the petitioner.
James R. Johnson, Esq., for the…
2Cases cited5 opinions
- Burnet v. HarmelSupreme Court of the United States · 1932
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- Harmel v. CommissionerUnited States Board of Tax Appeals · 1930
- Anderson v. CommissionerUnited States Board of Tax Appeals · 1934
- Murphy v. CommissionerUnited States Board of Tax Appeals · 1927