JACOBS v. COMMISSIONER

Docket No. 108681.

1 T.C.M. 883 (1943)

Samuel E. Jacobs and Rosalie Jacobs (Husband and Wife) v. Commissioner.

United States Tax Court.

Entered April 13, 1943.


Attorney(s) appearing for the Case

Harry Friedman, Esq., Munsey Bldg., Washington, D. C., for the petitioner. William G. Ruymann, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

DISNEY, Judge:

This proceeding involves a deficiency in income tax determined by the Commissioner for the year 1938 in the amount of $214.72. The questions for decision are whether the petitioners are entitled to deductions for the amount of certain legal expenses paid by Samuel E. Jacobs in the taxable year, and for a loss on certain stock owned by Samuel E. Jacobs, which the petitioners allege became worthless in...

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