Bird v. Commissioner
United States Board of Tax Appeals
1. Cost of Imperial Russian Government Fifth War Loan bonds allowed as a deduction in 1920 as a debt ascertained by the taxpayer to be worthless and charged off in that year. 2. Indebtedness evidence by a bond may be ascertained to be worthless prior to the maturity date of the bond.
1Opinion of the Court
APPEAL OF SAMUEL BIRD.
Bird v. Commissioner
Docket No. 6721.
United States Board of Tax Appeals
4 B.T.A. 259; 1926 BTA LEXIS 2339;
June 28, 1926, Decided Submitted March 28, 1926.
1. Cost of Imperial Russian Government Fifth War Loan bonds allowed as a deduction in 1920 as a debt ascertained by the taxpayer to be worthless and charged off in that year.
2. Indebtedness evidence by a bond may be ascertained to be worthless prior to the maturity date of the bond.
George S. Brengle, Esq., for the petitioner.
F. O. Graves, Esq., for the Commissioner.
PHILLIPS
Before PHILLIPS and TRAMMELL.
Taxpayer appeals…
2Cases cited1 opinion
- Appeal of BirdUnited States Board of Tax Appeals · 1926