PAFFRATH v. COMMISSIONER

Docket No. 78385.

20 T.C.M. 348 (1961)

T.C. Memo. 1961-71

Stanley G. Paffrath and Thelma Paffrath v. Commissioner.

United States Tax Court.

Filed March 16, 1961.


Attorney(s) appearing for the Case

Thos. L. Zimmerman, Esq., 551 Fifth Ave., New York., N. Y., for the petitioners. Joseph Wilkes, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

TIETJENS, Judge:

The Commissioner determined a deficiency of $1,730.93 in the joint income tax return of Stanley G. Paffrath and Thelma Paffrath for the year 1955. The only question presented is whether a loss sustained by petitioners on the sale of a house may be deducted under the provisions of section 165(c)(2), I. R. C. 1954.

Findings of Fact

Some of the facts have been stipulated and are incorporated...

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