2 B.T.A. 484
United States Board of Tax Appeals
Decided September 8, 1925
United States Board of Tax Appeals · decided 1925-09-08
An assessment paid on bank stock during 1922 is not a deductible loss in that year.
Good law ✅— No negative treatment on recordhow we know
Decided 1925-09-08
Cited by 15 later decisions — most recently April 1968
3 federal appellate ·
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
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¶2The taxpayer contends that the $23,000 paid as an assessment on his stock during 1922 is a deductible loss in that year.
¶3The question presented is whether or not the sum paid as an assessment was a loss or an additional investment of capital. On the facts before us we are clearly of opinion that the assessment was an additional investment of capital.