United States Board of Tax Appeals January 28, 1925, Docket No. 151. (Florida Grocery Co. v. Commissioner)

lead-opinion

*413DECISION.

The Board determines that from January 1, 1917, to May 28, 1917, the Florida Grocery Co. was a joint venture and should be taxed as a corporation from May 28, 1917, and that in computing net income for the year 1917 the amounts of $20 and $17.50, set forth in the findings of fact, should be excluded.