United States Board of Tax Appeals November 6, 1925, Docket No. 2457 (Appeal of Joseph E. Reid Estate)

*1199OPINION.

Green:

The decision in the Appeal of Steele Cotton Mill Co., 1 B. T. A. 299, is clearly applicable to this appeal.1 In that appeal the Board held that, under section 234(a)(5) of the Revenue Act of 1918, the taxpayer must have ascertained the whole debt to be worthless and have charged it off within the taxable year in order to be entitled to any deduction from his income.