On the basis of numerous adjustments to net income respondent determined a deficiency in petitioner's income tax liability for the calendar year 1941 in the amount of $4,675.61. Some of the assignments of error made in the petition were abandoned at the hearing and only three questions remain for decision. The first two issues are (1) whether loss sustained on the disposal in 1941 of an 80-acre tract of land is deductible as an ordinary loss or as a capital loss, and (2)...
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