COMMISSIONER OF INTERNAL REVENUE v. ELDRIDGE

Nos. 7818, 7819.

79 F.2d 629 (1935)

COMMISSIONER OF INTERNAL REVENUE v. ELDRIDGE (two cases).

Circuit Court of Appeals, Ninth Circuit.

November 4, 1935.


Attorney(s) appearing for the Case

Frank J. Wideman, Asst. Atty. Gen., and Sewall Key, Lucius A. Buck, and Francis A. Le Sourd, Sp. Assts. to the Atty. Gen., for petitioner.

Thomas N. Fowler, of Seattle, Wash., for respondents.

Before WILBUR, DENMAN, and MATHEWS, Circuit Judges.


MATHEWS, Circuit Judge.

Respondents, A. S. Eldridge and Alice H. Eldridge, husband and wife, residing in the state of Washington, filed separate income tax returns for the year 1929, in each of which there was claimed as a deductible loss resulting from the sale of stocks the sum of $16,552. The Commissioner of Internal Revenue disallowed the deductions and, as a consequence, determined tax deficiencies. The Board of Tax Appeals reversed the Commissioner and held...

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