This case involves income tax for the calendar year 1944. Deficiency was determined in the amount of $10,374.53, all of which is involved. The issue is whether the Commissioner erred in disallowing the deduction as a loss of petitioner's portion of a loss sustained by a partnership of which he was a member.
FINDINGS OF FACT.
Petitioner is an individual who resides in Dubuque, Iowa.
Petitioner keeps his books and files his tax returns on a cash basis...
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