Case Name: Appeal of LEWIS DILL
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-11-18
Citations: 3 B.T.A. 65
Docket Number: Docket No. 4563
Parties: Appeal of LEWIS DILL.
Judges: Before GiiaupneR, Teammell, and Phillips.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 3
Pages: 65–66

Head Matter:
Appeal of LEWIS DILL.
Docket No. 4563.
Submitted October 14, 1925.
Decided November 18, 1925.
Eraos 8. StocTcbridge and R. K. Slaughter, Esgs., for the taxpayer.
P. J. Rose, Esq., for the Commissioner.
Before GiiaupneR, Teammell, and Phillips.

Opinion:
DECISION.
The profit on the sale of the dwelling house and the dividends on the stock should be accounted for as income of the partnership. Depreciation on the lumber mill is allowed at 10 per cent. The deficiency should be computed accordingly. Final determination will be settled on 10 days' notice, under Rule 50.