The Commissioner determined a deficiency in income tax in the amount of $12,073.76 against petitioner for the year 1945. The sole issue is whether petitioner is entitled to a deduction under section 23 (e) of the Internal Revenue Code by reason of the confiscation of his alleged one-sixth interest in a farm in the county of Bugyi, Hungary.
FINDINGS OF FACT.
A stipulation of facts filed by the parties is hereby adopted as part of our findings. Petitioner...
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