Case Name: Appeal of S. B. CHURCHILL
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1924-12-11
Citations: 1 B.T.A. 168
Docket Number: Docket No. 166
Parties: Appeal of S. B. CHURCHILL.
Judges: Before James, Sternhagen, Trammell, and Trtxssell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 168–169

Head Matter:
Appeal of S. B. CHURCHILL.
Docket No. 166.
Submitted December 1, 1924;
decided December 11, 1924.
South Trimble, Esq., for the taxpayer.
Willis D. Nance, Esq. (Nelson T. Hartson, Solicitor of Internal Revenue) for the Commissioner.
Before James, Sternhagen, Trammell, and Trtxssell.

Opinion:
OPINION.
James:
In determining the existence of a deficiency in tax, the Commissioner has treated the transaction outlined above under the findings of fact as a complete realization of gain from the sale of property under the Revenue Act of 1918. The taxpayer admits that a profit was realized from the sale in the sum determined by the Commissioner, but contends that the profit so realized should be treated as profit from an installment sale and should be prorated over the years during which cash was realized in proportion to the amount of cash received each year.
We have no difficulty in determining that this is not an installment sale. The gain here realized was a gain or profit realized in the year 1919.