Memorandum Findings of Fact and Opinion
This proceeding involves an income and victory tax deficiency of $4,919.98 for the taxable year ended December 31, 1943. The sole question is whether a loss sustained from the sale in 1942 of real estate used by the petitioner in growing and marketing citrus fruits is deductible as a net operating loss carry-over for 1943.
Findings of Fact
Milton H. Pettit, hereinafter referred to as petitioner, and his wife...
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