Case: Appeal of I. M. DAVIS
Abbreviation: Appeal of Davis
Decision Date: 1925-07-14
Docket Number: Docket No. 2616
Citation: 2 B.T.A. 359
Volume: 2
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Appeal of I. M. DAVIS.
Judges: Before GeatjpneR, Tkammell, and Phillips.
Pages: 359–360

Head Matter:
Appeal of I. M. DAVIS.
Docket No. 2616.
Submitted June 2, 1925.
Decided July 14, 1925.
Leslie J. Aker, Esq., for the taxpayer.
A. Oalder Mctekay, Esq., for the Commissioner.
Before GeatjpneR, Tkammell, and Phillips.

Opinion:
OPINION.
Graupner:
We think that the contention of the taxpayer is correct in that there would be no realized gain in the repossession of the property by the taxpayer until such time as the property might be disposed of. Appeal of Manomet Cranberry Co., 1 B. T. A. 706.