Harper v. Commissioner
United States Board of Tax Appeals
1. A net loss sustained by the petitioner in 1924 was attributable to a trade or business regularly carried on by him and is a proper deduction in computing net income for the year 1925. 2. The amount of the said net loss determined.
1Opinion of the Court
HARRY F. HARPER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT
Harper v. Commissioner
Docket No. 29087.
United States Board of Tax Appeals
20 B.T.A. 143; 1930 BTA LEXIS 2194;
June 25, 1930, Promulgated
1. A net loss sustained by the petitioner in 1924 was attributable to a trade or business regularly carried on by him and is a proper deduction in computing net income for the year 1925.
2. The amount of the said net loss determined.
William P. Smith, Esq., for the petitioner.
Arthur Carnduff, Esq., for the respondent.
MCMAHON
This is a proceeding for the redetermination of a deficiency in…
2Cases cited1 opinion
- Harper v. CommissionerUnited States Board of Tax Appeals · 1930