Abstract
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References
1.
5 C.B. 171 O.D. 984 (1922 ).
2.
§1.162-5(c)(1).
3.
§1.162-5(c)(2); See, Hill v. Commissioner of Internal Revenue, 181 F.2d 906 (4th Cir. 1950 )
4.
Compare, Hoover, v. Commissioner, 36 T.C. 566 (1961 ) (deduction disallowed) with Duncan v. Bookwalter, 216 F. Supp. 301 (S.D. Mo. 1963 ) (deduction allowed).