DocketNumber: Docket No. 9644
Citation Numbers: 9 B.T.A. 459
Judges: Littleton, Love, Smith, Trussell
Filed Date: 12/1/1927
Status: Precedential
Modified Date: 7/23/2022
Upon the record we are of the opinion that decedent had ascertained during 1920 that the debt in question became worthless, and, inasmuch as he kept no books, there could be no physical charge-off, but decedent’s statement during 1920 that the amount could be forgotten was in effect a charge-off of the bad debt.
Judgment will be entered upon 15 days’ notice, pursuant to Bule 50.