MYERS v. COMMISSIONER

Docket No. 1087.

3 T.C. 1044 (1944)

GEORGE HEWITT MYERS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated June 29, 1944.


Attorney(s) appearing for the Case

William H. Harrar, Esq., for the petitioner.

E. M. Woolf, Esq., for the respondent.


By this proceeding petitioner contests a portion of a deficiency determined in his income tax for the calendar year 1936 in the amount of $7,056.15. The sole question presented is whether petitioner realized a capital loss under the provisions of section 117 (d) of the Revenue Act of 1936, or an ordinary loss under section 23 (e) (2) of the same act, upon the disposition of certain stock in that year.

FINDINGS OF FACT.

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