Memorandum Findings of Fact and Opinion
JOHNSON, Judge:
The Commissioner determined a deficiency of $114.32 in petitioner's income tax for 1943, in part by disallowing the deduction of a long-term loss on the liquidation of a corporation of which petitioner was a shareholder. Petitioner contends that the loss is deductible in 1943 by virtue of a final liquidating distribution in that year. Respondent argues that as practically all corporate assets were distributed...
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