THOMPSON, Circuit Judge.
This is a petition for review of a decision by the Board of Tax Appeals. The petitioner deducted the face value of a note for $30,272 from her 1928 income on the ground that the debt which it covered was ascertained to be worthless in that year. The Commissioner disallowed the deduction.
On May 27, 1919, the petitioner had received as a gift a promissory note of one Norton, made payable to her father in the sum of $30,272. On the same...
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