¶2The question presented in this case is the same as that in Mrs. E. A. Giffin, 19 B. T. A. 1243, and in accordance with our decision in that case we affirm the respondent’s determination.
¶3Decision will he entered for the respondent.
19 B.T.A. 1256
Garrett v. Commissioner
United States Board of Tax Appeals
Decided May 29, 1930
United States Board of Tax Appeals · decided 1930-05-29
Selling costs incident to the sale of real estate by one not a dealer, the profit being reported on the installment method, held to constitute a reduction of selling price and not a deduction from income. Decision in Mirs. E. A. Giffin,19 B.T.A. 1243, followed.
Relies on Giffin v. Commissioner
Decided 1930-05-29