This proceeding arises from the Commissioner's determination of a deficiency of $2,429.05 in petitioner's income tax for 1941. The only issue is whether the petitioner is entitled to deduct as rent the sum of $3,800 paid to the La Crosse Trust Co. under the terms of a trust agreement and a lease, both instruments bearing the date of May 12, 1941.
A stipulation of facts was filed. We adopt same by reference and find the facts therein set forth. Such parts thereof as...
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