This proceeding is brought for a redetermination of a deficiency in income tax for the year 1941 in the amount of $2,365.34.
The questions involved are (1) the type of income which resulted from the sale of petitioner's laundry business in 1941; and (2) whether petitioner was justified in claiming a deduction of $7,808.50 for legal expenses in that year.
FINDINGS OF FACT.
Petitioner is an individual, residing at Santa Monica, California. He filed...
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