Memorandum Findings of Fact and Opinion
LEECH, Judge:
This proceeding involves income tax deficiency for the fiscal year ended May 31, 1938 in the amount of $531.09. The only issue is whether the petitioner is entitled to deduct a loss based upon the liquidation of the Continental Illinois Company. Petitioner acquired her interest in that company as parts of units consisting of stock in that company and shares of the Continental Illinois Bank and Trust Company...
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