WESCH v. HELBURN

No. 1494.

5 F.Supp. 581 (1933)

WESCH v. HELBURN, Collector of Internal Revenue.

District Court, W. D. Kentucky.

August 12, 1933.


Attorney(s) appearing for the Case

Edward Bloomfield, of Louisville, Ky., for plaintiff.

Frank A. Ropke, Asst. U. S. Atty., of Louisville, Ky., and E. Riley Campbell, Sp. Atty., Bureau of Internal Revenue, of Washington, D. C., for defendant.


DAWSON, District Judge.

The sole question in this case is whether or not the investment of Gustave A. Wesch, the deceased taxpayer, in BancoKentucky stock was a deductible loss for income tax purposes for the taxable year 1930, under section 23 (e) of the Revenue Act of 1928, 26 USCA § 2023 (e). This section provides that in computing net income there shall be allowed as deductions, in the case of an individual, losses sustained during the taxable year and not...

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