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United States Board of Tax Appeals, 1926

Bernd v. Commissioner

Bernd v. Commissioner
United States Board of Tax Appeals · Decided July 20, 1926 · Sternhagen, Littleton, Trussell
4 B.T.A. 291; 1926 BTA LEXIS 2330
Bernd v. Commissioner

Opinion

JOHN M. BERND, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bernd v. Commissioner
Docket No. 3340.
United States Board of Tax Appeals
4 B.T.A. 291; 1926 BTA LEXIS 2330;
July 20, 1926, Decided
*2330 J. E. Hughes, Esq., for the petitioner.
L. C. Mitchell, Esq., for the respondent.

*291 Before STERNHAGEN, LITTLETON and TRUSSELL.

The Commissioner determined a deficiency of $1,322.78 for 1920, arising from the determination that the farm that the petitioner sold in 1920 was, on March 1, 1913, worth $30,000.

FINDINGS OF FACT.

On March 1, 1913, the petitioner was the owner of a 240-acre farm, which he sold in 1920. On March 1, 1913, the fair market value of this farm was $37,500.

Judgment for the petitioner. Order of redetermination will be entered on 15 days' notice, under Rule 50.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.