Case Name: Appeal of FRED TRUEMPY
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-01-16
Citations: 1 B.T.A. 349
Docket Number: Docket No. 207
Parties: Appeal of FRED TRUEMPY.
Judges: Before Ivins, Korner, and Marquette.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 349–350

Head Matter:
Appeal of FRED TRUEMPY.
Docket No. 207.
Submitted November 5, 1924;
decided January 16, 1925.
Luther F. Speer, Esq., for the taxpayer.
A. E. Fast, Esq. (Nelson T. Hartson, Solicitor of Internal Reve-rme) for the Commissioner.
Before Ivins, Korner, and Marquette.

Opinion:
OPINION.
Ivins :
The taxpayer's sole contention is that since no part of the additional income of tbe partnership discovered by the revenue agent was actually distributed to him during the year 1920 he can not be taxed upon it. But section 218 of the Revenue Act of 1918 provides:
there shall be included in computing the net income of each partner his distributive share, whether distributed or not, of the net income of the partnership for the taxable year .
The determination of the Commissioner is approved.