United States Board of Tax Appeals April 8, 1925, Docket No. 7 (Appeal of Steffanson)

*982OPINION.

Smith:

The taxpayer derives practically all of her income from a trust. During the year 1919 the trustee sold certain assets at a profit of $1,086.25 and sold certain other assets, consisting of premises numbered 17 West 37th Street, New York, N. Y., at a loss of $41,406.10. The net loss from the sale of capital assets was $40,319.85.