TITLE GUARANTEE AND TRUST COMPANY v. COMMISSIONER

Docket No. 110036.

1 T.C.M. 740 (1943)

Title Guarantee and Trust Company, Trustee under Deed of Trust dated May 5, 1917 by Mary A. Bedford v. Commissioner.

United States Tax Court.

Entered March 9, 1943.


Attorney(s) appearing for the Case

William T. Griffin, Esq., for the petitioner. Thomas R. Charshee, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

DISNEY, Judge:

This proceeding involves income tax for the calendar year 1938. The respondent determined a deficiency in the amount of $6,517.03, all of which is in issue. The only question presented is whether petitioner is entitled to a capital loss upon the sale of stock in the taxable year, or whether the stock had become worthless prior to that year, as determined by the Commissioner in the deficiency notice and...

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