Respondent determined a deficiency in income tax of $17,359.43 for the year 1947.
The sole question for decision is whether petitioners properly claimed a loss in 1947 based on the alleged worthlessness of certain Rumanian bonds.
FINDINGS OF FACT.
Some of the facts have been stipulated and are so found.
Petitioners are husband and wife. They filed a joint income tax return for 1947 with the collector of internal revenue for the first district...
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