CROSS v. COMMISSIONER OF INTERNAL REVENUE

No. 6468.

54 F.2d 781 (1932)

CROSS v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Ninth Circuit.

January 5, 1932.


Attorney(s) appearing for the Case

Ralph H. Cross, in pro. per., of San Francisco, Cal. (A. H. Brandt, of San Francisco, Cal., of counsel), for appellant.

G. A. Youngquist, Asst. Atty. Gen., and Sewall Key and Erwin N. Griswold, Sp. Assts. to the Atty. Gen. (C. M. Charest, Gen. Counsel, and Bessie I. Koehl, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., of counsel), for respondent.

Before WILBUR and SAWTELLE, Circuit Judges, and JAMES, District Judge.


WILBUR, Circuit Judge.

The question to be determined in this case is whether or not petitioner is entitled to deduction from his income for the year 1925 of a debt for $6,200 owing to him by his nephew, J. F. Pullen, on a promissory note dated June 20, 1921, for $6,200, given as the purchase price of stock in the Scandinavian American Bank of Seattle, which petitioner had purchased prior to June, 1920, for the sum of $12,400. Ten days after the sale by the petitioner...

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