OPINION.
MURDOCK, Judge:
The Commissioner determined a deficiency of $11,847.40 in the petitioner's income tax for 1952. The issue for decision is whether the loss in 1952 on the sale of 300 shares of American Distilling Company stock was a long-term capital loss, as determined by the Commissioner, or should have been subtracted in full as a part of the cost of goods sold or deducted as a business expense. The facts have been presented by a stipulation...
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