Memorandum Opinion
STERNHAGEN, Judge:
A deficiency of $577.33 in income tax for 1940 is assailed insofar as it results from the disallowance of a deduction taken for net loss by reason of the worthlessness in the tax year of 250 shares in the C. W. Young Management Corporation. The Commissioner's position is that the shares were worthless before the beginning of the year.
[The Facts]
The petitioners, husband and wife, filed their...
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