Robertson v. Commissioner

United States Board of Tax Appeals

Decided January 31, 1925

United States Board of Tax Appeals · decided 1925-01-31

Net taxable income computed in accordance with evidence submitted.

Cited by 1 later decisions — most recently June 1947

Good law ✅— No negative treatment on recordhow we know

Decided 1925-01-31

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¶1DECISION.

¶2The net income subject to normal tax should be computed as follows:

¶3a. Business income-$13, 750. 89

¶4b. Rental income_ 9,227. 93

¶522,978. 82

¶6Less losses-$4, 632. 50

¶7Deductions_ 8, 858. 64

¶8- 13,491.14

¶9Net income subject to normal tax. 9.487. 68

¶10 *502In the computation of net income subject to surtax there should be added dividends as above set forth and interest on Liberty bonds, if any, subject to tax. Final decision will be settled on consent or on 10 days’ notice in accordance with Eule 50.