Case Name: Appeal of HARRY E. LUTZ
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-09-08
Citations: 2 B.T.A. 484
Docket Number: Docket No. 1954
Parties: Appeal of HARRY E. LUTZ.
Judges: Before Marquette and Morris.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 2
Pages: 484–485

Head Matter:
Appeal of HARRY E. LUTZ.
Docket No. 1954.
Submitted July 31, 1925.
Decided September 8, 1925.
Spencer Gordon, Esq., for the taxpayer.
F. 0. Graves, Esq., for the Commissioner.
Before Marquette and Morris.

Opinion:
OPINION.
Marquette:
The taxpayer contends that the $23,000 paid as an assessment on his stock during 1922 is a deductible loss in that year.
The question presented is whether or not the sum paid as an assessment was a loss or an additional investment of capital. On the facts before us we are clearly of opinion that the assessment was an additional investment of capital.
Arundell not participating.