¶1dissenting: In my opinion, the evidence is not suf- • ficient to establish that the petitioner’s place on Long Island or his racing and breeding of horses was a trade or business. Furthermore, the artificial accounting by which petitioner’s consumption of his own produce is made to appear like a sale and purchase should have no legal weight, even although it may afford useful or interesting statistics, as many household accounts do. Cf. Louise Cheney, 22 B. T. A. 672.
26 B.T.A. 116
Field v. Commissioner
United States Board of Tax Appeals
Decided May 18, 1932
United States Board of Tax Appeals · decided 1932-05-18
1. Taxpayer sustained deductible losses in the taxable year in the business of racing and breeding horses and of operating a farm. 2. A contribution to a fund for the purchase of insulin for use by a hospital in experiments for the cure of diabetes, held deductible.
Relies on Cheney v. Commissioner
Good law ✅— No negative treatment on recordhow we know
Decided 1932-05-18
How this case has been cited
Cited by 23 later decisions — most recently March 1978
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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