United States Board of Tax Appeals October 9, 1930, Docket No. 22528. (May v. Commissioner)

lead-opinion

*1212OPINION.

Seawell :

If the petitioner is entitled to a deduction because of the alleged loss sustained in the sale of his residence in the taxable year, it must be allowable under section 214 of the Revenue Act of 1921, which provides in part as follows:

Sec. 214.