United States Board of Tax Appeals September 7, 1925, Docket No. 1290. (American Photo Player Co. v. Commissioner)

lead-opinion

*420OPINION.

Phillips:

From the evidence submitted in this appeal we are satisfied that taxpayer had actually ascertained that it was not possible to collect upon the 19 sales in which the instruments were recaptured during 1920.

The $1,800 “ loss ” claimed by the taxpayer is merely a matter of bookkeeping.