Case Name: Appeal of F. B. ALVORD
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-06-25
Citations: 2 B.T.A. 168
Docket Number: Docket No. 2132
Parties: Appeal of F. B. ALVORD.
Judges: Before James, LittletoN, Smith, and Teussell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 2
Pages: 168–168

Head Matter:
Appeal of F. B. ALVORD.
Docket No. 2132.
Submitted May 28, 1925.
Decided June 25, 1925.
M. N. Fisher, Esq., for the Commissioner.
Before James, LittletoN, Smith, and Teussell.

Opinion:
This is an appeal from the determination of a deficiency in income tax for the year 1922 in an amount not stated in the petition, but said to be less than $10,000. The taxpayer daims a loss arising from the sale of property.
FINDINGS OF FACT.
During the year 1900 the taxpayer acquired and thereafter operated a family hotel in East Orange, N. J. During the year 1922 the entire property, including buildings, furnishings, and the good will of the business, was sold for $119,570. The actual cost of the property so disposed of was, to the date of sale, $117,629.42. The depreciated value of the property was $115,203.70 at the time of sale. The March 1, 1913, value of the property, inclusive of good will of the business, was $155,869.30.
DECISION.
The determination of the Commissioner is approved.