Court of Appeals for the Fifth Circuit December 6, 1950, 12972_1 (Thomas v. Obenchain)

HOLMES, Circuit Judge.

The trial court held that Mrs. Goodwin inherited a business from Her Tiusband, and at the time in question was engaged in the money-lending business, which in-

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eluded investments. We think she was merely investing her own money, and was not engaged in a trade or 'business within the meaning of Section 23 (k) (4) of the Internal Revenue Code, 26 U.S.C.A. § 23' (k) (4).