Memorandum Opinion
SMITH, Judge:
The respondent has determined a deficiency of $648.72 in petitioner's income tax for 1941. Petitioner alleges that in so doing the respondent erred in disallowing a capital loss deduction of $1,733.33 on the sale of a painting which he acquired by gift from an uncle in 1917.
[The Facts]
The essential facts can be stated briefly.
Petitioner is an attorney engaged in the practice of law in New...
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