Gambling Tax Law

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Offutt v. Commissioner of Internal Revenue (1951)

By Court Clerk
In Court Case
May 31, 1951
6 Min Read

ROY T. OFFUTT, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent. Tax Court of the United States. 16 T.C. 1214 (Cite as: 16 T.C. 1214) Docket No. 21436. Promulgated May 31, 1951. George Bouchard, Esquire, for the petitioner. A. J. Hurley, Esquire, for the respondent. Wagering losses in excess of wagering gains held not available to offset other income nor to create net operating loss...

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Gambling Tax Law

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