PIERCE v. COMMISSIONER

Docket No. 6979.

5 T.C.M. 48 (1946)

Burt N. Pierce v. Commissioner.

United States Tax Court.

Entered January 22, 1946.


Attorney(s) appearing for the Case

Walter Jeffreys Carlin, Esq., 2 Rector St., New York 6, N. Y., for the petitioner. Ellyne E. Strickland, Esq., for the respondent.


Memorandum Findings of Fact

MURDOCK, Judge:

The Commissioner determined a deficiency of $2,724.80 in the petitioner's income tax for the calendar year 1941. The only issue for decision is whether a loss was sustained by the petitioner in 1941 on an investment in the Silver Glance Mine.

Findings of Fact

The petitioner is an individual who filed his return for the taxable year with the collector of internal revenue for the third district...

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