Dill v. Commissioner
1925 BTA LEXIS 2040 | B.T.A. | 1925
Lead Opinion
The profit on the sale of the dwelling house and the dividends on the stock should be accounted for as income of the partnership. Depreciation on the lumber mill is allowed at 10 per cent. The deficiency should be computed accordingly. Final determination will be settled on 10 days’ notice, under Rule 50.