OPINION.
HILL, Judge:
The respondent determined a deficiency in petitioner's income tax for the taxable year 1945 in the amount of $96.37. Petitioner claims an overpayment of income tax for that year in the approximate amount of $4,200. The only question presented is whether petitioner is entitled to a loss deduction in 1945 as a result of the collection of 10,000 pounds in payment in full of an indebtedness owed the Estate of Frank D. Waterman.<...
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.
