Case Name: E. S. Hass, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1928-11-01
Citations: 13 B.T.A. 1352
Docket Number: Docket No. 14817
Parties: E. S. Hass, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 13
Pages: 1352–1354

Head Matter:
E. S. Hass, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 14817.
Promulgated November 1, 1928.
Ralph KohFmeier, Esq., for the petitioner.
Shelby S. Faulkner, Esq., for the respondent.

Opinion:
OPINION.
Marquette :
We are satisfied that the petitioner acquired and operated his ranches with a view to profit and that he expended thereon during the year 1921 the amount of $3,006.32, which he is entitled to deduct in computing his net income for that year. The evidence also convinces us that the petitioner sustained a loss of $800 from the sale of the hardware business which he purchased, or agreed to purchase from Meyers, and that he is entitled to a deduction in that amount.
Judgment will he entered under Rule 50.