Case ID: bta_1/html/0018-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Appeal of WILBERT J. AUSTIN.
    Docket No. 82.
    Deficiency to be determined in accordance with stipulation.
    Submitted October 15, 1924;
    decided October 18, 1924.
    No appearance for the taxpayer.
    
      Robert A. Littleton, Esq. (Nelson T. Hartson, Solicitor of Internal Revenue) for the Commissioner.
    Before Ivins, KoRNeh, and MaRqtxette.
   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.