This proceeding involves an income tax deficiency for the calendar year 1944 in the sum of $148.01.
The contested issue is whether petitioner is entitled to a nonbusiness bad debt deduction to the extent of $1,000, or is limited to the amount of $750 allowed by the respondent as a long term capital loss. This issue is resolved by the answer to the question of whether, when petitioner conveyed his one-eighth interest in certain real property to Emerson Holding Corporation...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
