Memorandum Findings of Fact and Opinion
The Commissioner has determined a deficiency in petitioner's income tax for the year 1941 of $1,000.84. The deficiency is due to one adjustment which the Commissioner has made in the net income of petitioner as reported by him in his income tax return for the taxable year. That adjustment was as follows: "Long-term capital loss disallowed $4,812.50." The Commissioner explained his adjustment in the deficiency notice as follows...
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