MILLER v. COMMISSIONER

Docket No. 4236.

4 T.C.M. 749 (1945)

Ray T. Miller v. Commissioner.

United States Tax Court.

Entered June 27, 1945.


Attorney(s) appearing for the Case

Wayland K. Sullivan, Esq., 1708 Union Commerce Bldg., Cleveland, O., for the petitioner. W. W. Kerr, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The respondent determined a deficiency of $2,217.71 in the petitioner's income tax for the year 1941.

The single issue is whether or not certain shares of stock of Continental Shares, Inc., held by the petitioner, became worthless in 1941 and thus deductible from his gross income.

Findings of Fact

Certain facts were stipulated and admitted in the pleadings. Insofar as material to the issue, they are...

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