KINNICUTT v. COMMISSIONER

Docket No. 7866.

4 T.C.M. 1051 (1945)

Margaret M. Kinnicutt v. Commissioner.

United States Tax Court.

Entered December 4, 1945.


Attorney(s) appearing for the Case

Bradley S. Gilman, Esq., 340 Main St., Worcester, Mass., for the petitioner. A. J. McDowell, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

This controversy involves an income tax deficiency for the taxable year 1941 in the amount of $1,003.61.

The sole question is whether petitioner is entitled to a deduction for a long-term capital loss sustained by her in the taxable year upon the sale of her interest in certain land which she inherited from her mother.

The facts have been stipulated by the parties and are found accordingly.

Findings...

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