OPINION.
MURDOCK, Judge:
The Commissioner determined a deficiency of $3,880.82 in income tax for 1943. The only issue for decision is whether a loss sustained from the sale of land was an ordinary loss or a capital loss. It was submitted upon stipulated facts.
The petitioner, an individual, filed his return with the collector of internal revenue for the second district of New York. He was president of a substantial manufacturing company in...
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