The Commissioner determined deficiencies in the income tax of the petitioner for 1944 and 1945 of $1,176.80 and $1,373.31. The issue for decision is whether the Commissioner erred in disallowing deductions in each year for accrued interest.
FINDINGS OF FACT.
The petitioner filed his individual income tax returns for the taxable years with the collector of internal revenue for the second district of New York.
The petitioner is a stockbroker who has...
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