BROST MOTORS, INC. v. COMMISSIONER

Docket No. 15505.

7 T.C.M. 806 (1948)

Brost Motors, Inc. v. Commissioner.

United States Tax Court.

Entered October 29, 1948.


Attorney(s) appearing for the Case

Daniel G. Yorkey, Esq., Marine Trust Bldg., Buffalo, N. Y., and Albert R. Mugel, Esq., for the petitioner. Clay Holmes, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARLAN, Judge:

The Commissioner determined deficiencies of $423.54 in income tax and $31,287.50 in excess profits tax for the calendar year 1944. The issue is whether petitioner sustained a deductible loss in the amount of $38,160.44 from the sale of real property in 1944. The stipulation of facts filed by the parties is incorporated herein by reference as part of our...

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