Case Name: Arthur C. Fraser, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-02-28
Citations: 6 B.T.A. 346
Docket Number: Docket No. 6495
Parties: Arthur C. Fraser, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 6
Pages: 346–347

Head Matter:
Arthur C. Fraser, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 6495.
Promulgated February 28, 1927.
Arthur 0. Fraser pro se.
Harold Allen, Esq., for the respondent.

Opinion:
OPINION.
Milliken :
Petitioner seeks to add carrying charges, such as interest and taxes, paid prior to March 1,1913, to the. cost of the property, for the purposes of determining gain or loss on the sale.' We have heretofore ruled on this question adversely to his contention. Appeal of Ottawa Park Realty Co., 5 B. T. A. 474.
The deficiencies in question should be. recomputed. The fair market price or value of the property on March 1, 1913, was $19,500 and depreciation on the building value of $1,507.50 should be subtracted from such value for purpose of determining gain resulting from the sale of the property for $21,380.
Judgment will he entered on 15 days' notice, under Rule 50.