The Commissioner determined a deficiency in income tax of $1,093.88 for the year 1940. The deficiency resulted from the disallowance of a net long term capital loss of $6,682.17, which action on the part of the Commissioner the petitioner assails as erroneous.
FINDINGS OF FACT.
The petitioner is a resident of Detroit, Michigan. His income tax return for the year 1940 was made on the cash receipts and disbursements basis and filed in the district of Michigan...
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