KALM v. COMMISSIONER

Docket No. 8085.

5 T.C.M. 728 (1946)

Samuel Kalm v. Commissioner.

United States Tax Court.

Entered August 14, 1946.


Attorney(s) appearing for the Case

Abraham J. Briloff, C. P. A., 347 Madison Ave., New York 17, N. Y., for the petitioner. Fred R. Tansill, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARLAN, Judge:

This is an application for a redetermination of a deficiency declared by the Commissioner in petitioner's income tax return for the year 1941 in the sum of $532.69.

The question is as to whether a long term capital loss resulting from the sale of property purchased by petitioner's funds but conveyed to petitioner's wife as trustee for petitioner's daughter, shall be allowed as a deduction against...

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