Memorandum Findings of Fact and Opinion
OPPER, Judge:
The major portion of a deficiency in income tax for the year 1941 in the amount of $529.59 is contested in this proceeding. The issue is whether the sale by Edgar G. Murphy, Jr., hereinafter called petitioner, of certain stock resulted in a deductible loss as petitioner contends, or in taxable gain as determined by respondent. The answer depends upon whether petitioner is entitled to include in his basis...
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