The opinion
JOHN M. BERND, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bernd v. Commissioner
Docket No. 3340.
United States Board of Tax Appeals
4 B.T.A. 291 ; 1926 BTA LEXIS 2330 ;
July 20, 1926 , Decided
*2330 J. E. Hughes, Esq., for the petitioner.
L. C. Mitchell, Esq., for the respondent.
*291 Before STERNHAGEN, LITTLETON and TRUSSELL.
The Commissioner determined a deficiency of $1,322.78 for 1920, arising from the determination that the farm that the petitioner sold in 1920 was, on March 1, 1913, worth $30,000.
FINDINGS OF FACT.
On March 1, 1913, the petitioner was the owner of a 240-acre farm, which he sold in 1920. On March 1, 1913, the fair market value of this farm was $37,500.
Judgment for the petitioner. Order of redetermination will be entered on 15 days' notice, under Rule 50.