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WAYBRIGHT v. COMMISSIONER

Docket No. 27461.

10 T.C.M. 589 (1951)

Edgar W. Waybright, Sr. v. Commissioner.

United States Tax Court.

Entered June 21, 1951.

Attorney(s) appearing for the Case

Roger J. Waybright, Esq., for the petitioner. Thomas C. Cravens, Jr., Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The Commissioner determined a deficiency of $854.60 in income tax for 1947. The issues for decision are whether the Commissioner erred in disallowing a deduction of $500 for depreciation of law books and whether he should have allowed a deduction of the entire loss of $3,293.07 from a bad debt instead of holding that it was from a non-business debt subject to the limitation on capital losses.

Findings of Fact

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