KRAFT v. COMMISSIONER

Docket Nos. 14975, 14976.

8 T.C.M. 606 (1949)

Walter O. Kraft v. Commissioner. Adena L. Kraft v. Commissioner.

United States Tax Court.

Entered June 22, 1949.


Attorney(s) appearing for the Case

Whitfield H. Marshall, Esq., and Chester M. Fulton, Esq., for the petitioners. John P. Higgins, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

JOHNSON, Judge:

In these consolidated proceedings the respondent determined deficiencies in income tax for the calendar year 1944 as follows:

  Docket No.    Petitioner                 Deficiency

   14975      Walter O. Kraft ...........    $463.91
   14976      Adena L. Kraft ............     475.77

The only issue to be determined is whether a portion of the loss sustained in connection...

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