Respondent determined a deficiency in income tax for the year 1940 in the amount of $67,140.43. Not all of the adjustments are in dispute and petitioners claim an overpayment of tax. The issues raised by the pleadings are (1) whether petitioners' net short term capital gain should be reduced by the allowance of commissions and stamp taxes paid by petitioners upon the sale of certain German corporate stock; (2) whether petitioners sustained a loss upon the sale of 300 shares...
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