EASTRIDGE v. COMMISSIONER

Docket No. 56983.

16 T.C.M. 370 (1957)

T.C. Memo. 1957-86

Tilson W. Eastridge and Bessie T. Eastridge (Husband and Wife) v. Commissioner.

United States Tax Court.

Filed May 27, 1957.


Attorney(s) appearing for the Case

Chat Chancellor, Esq., McClure Building, Frankfurt, Ky., for the petitioners. W. Ralph Musgrove, Esq., for the respondent.


Memorandum Opinion

BLACK, Judge:

The respondent has determined a deficiency in income tax for the year 1951 in the amount of $601.44. The sole issue is whether the petitioners are entitled to a net operating loss carryback from the year 1952 in the amount of $135.59, as determined by the respondent, or in the amount of $3,172.37, as reported by the petitioners.

All of the facts have been stipulated and are found accordingly.

[Findings...

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