Lutz v. Commissioner
1925 BTA LEXIS 2353
B.T.A.1925Check TreatmentLead Opinion
The taxpayer contends that the $23,000 paid as an assessment on his stock during 1922 is a deductible loss in that year.
The question presented is whether or not the sum paid as an assessment was a loss or an additional investment of capital. On the facts before us we are clearly of opinion that the assessment was an additional investment of capital.