United States Board of Tax Appeals January 31, 1925, Docket No. 297 (Appeal of Bickley)

*546OPINION.

Marquette:

Two questions are presented for decision in this appeal. First, whether the taxpayer herein is taxable for the year 1918 upon an alleged gain received in liquidation of the Baldt Anchor Co. of New Jersey, and second, the deductibility of certain items claimed to have been worthless debts, and a loss on stock alleged to have become worthless.