SAUL v. COMMISSIONER

Docket No. 7679.

6 T.C.M. 734 (1947)

Maurice Bower Saul and E. Adele Saul, Husband and Wife v. Commissioner.

United States Tax Court.

Entered June 26, 1947.


Attorney(s) appearing for the Case

C. Walter Randall, Jr., Esq., 2301-17 Packard Bldg., Philadelphia 2, Pa., for the petitioners. William D. Harris, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

ARNOLD, Judge:

The respondent determined deficiencies in income tax for the taxable years 1940 and 1941 in the amounts of $15,515.81 and $6,192.89, respectively. The petitioners allege that the respondent erred in disallowing deductions taken as to each year for net long-term capital losses sustained upon sales of certain stock and in disallowing a deduction taken as to 1940 for commissions paid for the collection...

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