COLSTON v. BURNET

No. 5489.

59 F.2d 867 (1932)

COLSTON v. BURNET, Commissioner of Internal Revenue.

Court of Appeals of the District of Columbia.

Decided May 31, 1932.


Attorney(s) appearing for the Case

Geo. E. H. Goodner, Jerry A. Mathews, and Josephus C. Trimble, all of Washington, D. C., for appellant.

G. A. Youngquist, Asst. Atty. Gen., and Carlton Fox, of Washington, D. C., for appellee.

Before MARTIN, Chief Justice, and ROBB, VAN ORSDEL, HITZ, and GRONER, Associate Justices.


GRONER, Associate Justice.

This is an appeal from a decision of the Board of Tax Appeals, and involves loss and expense items deducted by petitioner in 1924-25. The item involved in 1924 was a $20,000 loss claimed to have been sustained on account of a "short" sale of stock made by petitioner in that year. The two items in 1925 were: First, the payment by petitioner of taxes assessed against real property belonging to his wife and interest on mortgage indebtedness...

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