Case Name: Appeal of WILBERT J. AUSTIN
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1924-10-18
Citations: 1 B.T.A. 18
Docket Number: Docket No. 82
Parties: Appeal of WILBERT J. AUSTIN.
Judges: Before Ivins, KoRNeh, and MaRqtxette.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 18–18

Head Matter:
Appeal of WILBERT J. AUSTIN.
Docket No. 82.
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.

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.