SWAN, Circuit Judge.
In his income tax return for 1933 the taxpayer claimed a deduction of $100,000 as a loss sustained by reason of his stock in Florida Jockey Club, Inc., becoming worthless in that year. The Commissioner disallowed the loss, and determined a tax deficiency of $10,730.59, which the Board has confirmed. The issue presented by this appeal is whether the Board's finding that the stock became worthless prior to 1933 is supported by substantial evidence...
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