# Avery v. Commissioner > United States Board of Tax Appeals · July 16, 1935 · 32 B.T.A. 948 URL: https://www.frixlaw.com/law-library/cases/4495744 ## Case - **Full name:** SEWELL L. AVERY, v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** July 16, 1935 - **Citations:** 32 B.T.A. 948; 1935 BTA LEXIS 866 - **Precedential status:** Published - **Opinion:** Opinion of the court by Smith - **Judges:** Smith - **Cited by:** 2 later opinions in the Frix Law Library ## Citator (automated) - No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases. - Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4495744 ## Opinion text OPINION. Smith : These proceedings involve deficiencies in petitioner’s income tax for the calendar years 1930 to 1932, inclusive, as follows: [[Image here]] The parties have submitted a written stipulation settling all but one of the issues raised in the petitions and answers and setting forth all of the material facts. The one remaining issue, which is common to all three years, is whether the statutory 15 percent limitation on charitable contributions is to be computed on the entire net income or on the ordinary net income without deduction of capital net losses. The stipulated facts relevant to this issue may be summarized as follows: During the years 1930 to 1932, inclusive, the petitioner’s total net income, exclusive of capital net losses, his capital net losses, and charitable contributions were as' follows: [[Image here]] The sole question here in issue has been determined by the Roard in James H. Lockhart, 32 B. T. A. 732, after the submission of these proceedings. We there held, upon authority of Helvering v. Bliss and Helvering v. Harbison, 293 U. S. 144 , that capital net losses as well as capital net gains are to be included in ascertaining the net income upon which the 15 percent limitation on charitable contributions is to be computed. For reasons therein stated, we so hold in these proceedings. Judgment will be entered wnder Bule 50. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4495744. Public record. Not legal advice.