This proceeding involves a redetermination of deficiency in income tax for the year 1940 in the amount of $866.25. The only issue presented is whether or not the failure of petitioners to exercise certain options to purchase stock continued a short term capital loss under the provisions of section 117 (g) (2) of the Internal Revenue Code.
FINDINGS OF FACT.
Petitioners Alvin J. Spring and Pearl K. Spring, husband and wife, are individuals residing at New...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
