PATTERSON, District Judge.
The action is to recover an additional income tax payment of $4,586.64. In his income tax return for 1930 the plaintiff claimed as a deduction from gross income a loss of $28,719.30, incurred in the purchase and sale of a yacht. The Commissioner disallowed the deduction and compelled payment of an additional tax of $4,015.26 with interest, amounting altogether to the sum of $4,586.64. Claim for refund was denied, and the plaintiff brought...
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