Memorandum Opinion
MURDOCK, Judge:
The Commissioner determined a deficiency of $2,008.08 in the petitioner's income tax for the calendar year 1941. The facts have been stipulated. The petitioner sustained a loss of $12,668.98 upon retiring from the partnership of Thomson & McKinnon. The Commissioner has held that this was a long-term capital loss and has allowed 50 per cent thereof, or $6,334.49, as a deduction. The petitioner contends that $8,916.66...
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