Memorandum Findings of Fact and Opinion
The Commissioner has determined a deficiency in petitioner's income tax for the year 1940 of $2,482.72. The deficiency is due to two adjustments to net income as disclosed by return filed by petitioner for the taxable year. These adjustments were as follows:
Unallowable deductions and additional income:
(a) Dividend income .................. $ 109.97 (b) Net operating loss carry-over .... 82,899...
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