KERNER, Circuit Judge.
This appeal involves taxpayers' income tax liabilities for the year 1943. In their returns taxpayers, under "Net gain (or loss)," each claimed a loss of $14,950 or one-half of $29,900 on the sale of certain unimproved real estate acquired in 1937. The Commissioner asserted that the loss was a long-term capital loss, allowed each taxpayer a loss of $7,475, and made a deficiency assessment. The Tax Court sustained the Commissioner. The sole question...
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