Case Name: Appeal of CHARLES E. ROBERTSON
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-01-31
Citations: 1 B.T.A. 501
Docket Number: Docket No. 595
Parties: Appeal of CHARLES E. ROBERTSON.
Judges: Before James, Sternhagen, Trammell, and Trussell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 501–502

Head Matter:
Appeal of CHARLES E. ROBERTSON.
Docket No. 595.
Submitted January 15, 1925;
decided January 31, 1925.
Benjamin Mahler, Esq., for the taxpayer.
W. Frcmle Gibbs, Esq. (Nelson T. Hartson, Solicitor of Internal Revenue)' for the Commissioner.
Before James, Sternhagen, Trammell, and Trussell.

Opinion:
DECISION.
The net income subject to normal tax should be computed as follows:
a. Business income-$13, 750. 89
b. Rental income_ 9,227. 93
22,978. 82
Less losses-$4, 632. 50
Deductions_ 8, 858. 64
- 13,491.14
Net income subject to normal tax. 9.487. 68
In the computation of net income subject to surtax there should be added dividends as above set forth and interest on Liberty bonds, if any, subject to tax. Final decision will be settled on consent or on 10 days' notice in accordance with Eule 50.