Opinion

Poor v. Commissioner

11 B.T.A. 781
1928 BTA LEXIS 3726

Court: United States Board of Tax Appeals
Filed: Apr 23, 1928
Status: Published
Author: Littleton
On the bench: Littleton
Cited by: 1 cases
Authority: More cited than 72.6%

The opinion

*782 OPINION.

Littleton:

The Board has heretofore had occasion to consider the question involved in this proceeding, wherein it was held that a taxpayer conld not take as a deduction the loss of a gain which had not been reflected in income. Charles A. Collin, 1 B. T. A. 305; J. Noble Hayes, 7 B. T. A. 936.

The Board is of the opinion that the cases mentioned preclude the allowance of the deduction of the interest on the judgment herein claimed by petitioner.

Judgment will be entered for the respondent.

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