Appeal of Austin

Court: United States Board of Tax Appeals
Date filed: 1924-10-18
Citations: 1 B.T.A. 18
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Lead Opinion

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, should be disallowed to the extent of $1,131.90, the deficiency should be computed accordingly.

Final decision of this Board will be settled on consent or on seven days’ notice by either party.