Swift v. Commissioner
United States Tax Court
Petitioner's loss as guarantor of loans made to corporation of which he was principal officer and stockholder is deductible as nonbusiness bad debt under sec. 166(d), I.R.C. 1954.
1Opinion of the Court
Edward W. Swift, Jr., and Vera H. Swift v. Commissioner.
Swift v. Commissioner
Docket No. 79879.
United States Tax Court
T.C. Memo 1961-107; 1961 Tax Ct. Memo LEXIS 241; 20 T.C.M. (CCH) 533; T.C.M. (RIA) 61107;
April 14, 1961
Petitioner's loss as guarantor of loans made to corporation of which he was principal officer and stockholder is deductible as nonbusiness bad debt under sec. 166(d), I.R.C. 1954.
Edward W. Swift, Jr., pro se, 1700 Buena Vista Rd., Columbus, Ga. Wallace M. Wright, Esq., for the respondent.
DRENNEN
Memorandum Findings of Fact and Opinion
DRENNEN, Judge: Respondent determined…
2Cases cited12 opinions
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- Putnam v. CommissionerSupreme Court of the United States · 1956
- Burnet v. ClarkSupreme Court of the United States · 1932
- H. Beale Rollins and Mary E. Rollins v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1960
- Rollins v. CommissionerUnited States Tax Court · 1959
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