The Commissioner has determined a deficiency of $1,369.54 in petitioner's income tax for the year 1939. In determining the deficiency the Commissioner made the following adjustments in the net income of petitioner as reported in his return: (a) Income from profession, $2,537.30; (b) net short term gain, $4,777.50.
Petitioner does not contest adjustment (a) but does contest $4,677.50 of adjustment (b). Adjustment (b) is explained in the deficiency notice as follows...
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