United States Board of Tax Appeals February 12, 1941, Docket No. 101534. (Wilgard Realty Co. v. Commissioner)

lead-opinion

*559OPINION.

Akundell :

The issue for decision is whether on the sale of the property described above on February 18, 1937, the petitioner realized gain in the amount of $15,075.02, as determined by respondent, or sustained a capital loss, as claimed' by petitioner, in the sum of $51,-450.04.