Austin v. Commissioner

Appeal of WILBERT J. AUSTIN.

Austin v. Commissioner

Docket No. 82.

United States Board of Tax Appeals

1 B.T.A. 18; 1924 BTA LEXIS 277;

October 18, 1924, decided Submitted October 15, 1924.

Deficiency to be determined in accordance with stipulation.

No appearance for the taxpayer.

Robert A. Littleton, Esq. (Nelson T. Hartson, Solicitor of Internal Revenue) for the Commissioner.

Before IVINS, KORNER, and MARQUETTE.

DECISION.

The taxpayer and the Commissioner having agreed that the item of $12,740.03, claimed as a deduction for loss on sale of stocks and bonds in the taxpayer's 1920 income tax return,…