Memorandum Findings of Fact and Opinion
ARNOLD, Judge:
The Commissioner determined a deficiency in income tax against petitioner for the calendar year 1938 in the amount of $17,022.18. Two issues are involved; (1) the propriety of including in petitioner's gross income $62,068.88 reported on her return as capital gain; and (2) the deductibility of a loss sustained in the taxable year within the meaning of section 23 (3), Revenue Act of 1938. The case was...
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