COLLIMS v. COMMISSIONER
United States Board of Tax Appeals
1. From the evidence, held that the gain or loss derived from the sale of an automobile should be recomputed. 2. Held that petitioner is entitled to a deduction in 1924 on account of stock becoming wholly worthless in that year.
1Opinion of the Court
C. CARROLL COLLIMS, JR., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
COLLIMS v. COMMISSIONER
Docket No. 24660.
United States Board of Tax Appeals
21 B.T.A. 210; 1930 BTA LEXIS 1899;
November 5, 1930, Promulgated
1. From the evidence, held that the gain or loss derived from the sale of an automobile should be recomputed.
2. Held that petitioner is entitled to a deduction in 1924 on account of stock becoming wholly worthless in that year.
W. S. Hammers, Esq., for the petitioner.
W. F. Gibbs, Esq., and O. W. Swecker, Esq., for the respondent.
BLACK
In this proceeding the petitioner seeks a…
2Cases cited3 opinions
- Chaffin v. CummingsSupreme Judicial Court of Maine · 1853
- COLLIMS v. COMMISSIONERUnited States Board of Tax Appeals · 1930
- Lang v. CommissionerUnited States Board of Tax Appeals · 1928