4 B.T.A. 994
United States Board of Tax Appeals
Decided September 24, 1926
United States Board of Tax Appeals · decided 1926-09-24
Upon the evidence, held, that certain notes were not ascertained to be worthless and charged off the books of the petitioner during the taxable year. Held: that certain notes were not ascertained to be worthless and charged off the books of the petitioner during the taxable year.
Decided 1926-09-24
¶2The petitioner seeks to have the unpaid balances of the notes of Julius and Edward Eliscu at December 31, 1921, deducted from his gross income for the taxable years. The evidence offered does not convince us that these notes were ascertained to be worthless and charged off during such year. The Commissioner’s determination of a deficiency in the amount of $2,098.87 should not be disturbed.
¶3Judgment for the Commissioner.