KOHN v. COMMISSIONER

Docket No. 24414.

16 T.C. 960 (1951)

ACHILLES H. KOHN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated May 4, 1951.


Attorney(s) appearing for the Case

Morris Back, Esq., for the petitioner.

Robert M. Willan, Esq., for the respondent.


OPINION.

LEMIRE, Judge:

The respondent has determined a deficiency of $3,262.70 in petitioner's income tax for 1944. One of the two issues presented by the pleadings has been settled by stipulation. The remaining issue involves a loss deduction claimed on the sale of a parcel of improved real estate.

The essential facts have been stipulated and are found as set out in the written stipulation.

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