MORTON, Circuit Judge.
The question is whether a loss which the petitioner incurred in 1922 by the liquidation of a corporation, called Office of Winthrop Ames, Inc., was a business loss which might be spread over the two following years, or an investment loss which could be taken only in that year. The facts are found by the Board of Tax Appeals.
For about two years prior to 1912, Ames had been engaged in the business of theatrical productions. In that year...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
