Case Name: M. J. Hellmers, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1926-10-27
Citations: 5 B.T.A. 198
Docket Number: Docket No. 4680
Parties: M. J. Hellmers, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 5
Pages: 198–199

Head Matter:
M. J. Hellmers, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 4680.
Decided October 27, 1926.
M. J. Hellmers pro se.
Henry Ravenel, Esq., for the respondent.

Opinion:
Trammell:
This is a proceeding for the redetermination of a deficiency in income tax for the calendar year 1922 in the amount of $41.49. The deficiency arises through the action of the Commissioner in disallowing as an expense or loss $1,087.15, the amount paid in excess of the contract price of building a home.
FINDINGS OF FACT.
The taxpayer, during 1922, entered into a contract with a contractor to build a double house, one-half of which was for rental purposes. The contractor charged the taxpayer approximately $8,100 for the completed house. When completed the house was not worth in excess of $6,800.
The taxpayer took as a deduction in'his income-tax return the difference between $6,800 and the cost which he was required to pay the contractor.
Judgment will be entered for the Commissioner.