Memorandum Findings of Fact and Opinion
Respondent determined deficiencies in income tax for the taxable years 1944 through 1947 in the respective amounts of $244.24, $282.56, $203.49, and $209.00.
Petitioner sold 168 shares of common stock of McKay-Reece Company in 1943 for 10 cents a share. The only issue is whether petitioner sustained a net capital loss in 1943 for carry-over purposes as a result of said sale or whether the stock in question was worthless...
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