Memorandum Opinion
LEECH, Judge:
Respondent determined a deficiency in income tax of $927.73 for the calendar year 1941 by disallowing deductions of $4,812.07 claimed by petitioner on his return for that year, as a loss then realized, and $30 as Federal old age benefit taxes paid in that year. Petitioner concedes that the disallowance of the second item was correct.
[The Facts]
The facts are stipulated and are so found. In 1920 petitioner...
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.
