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STRATTON v. COMMISSIONER

Docket No. 83823.

21 T.C.M. 1159 (1962)

T.C. Memo. 1962-218

Irving R. Stratton v. Commissioner.

United States Tax Court.

Filed September 14, 1962.

Attorney(s) appearing for the Case

Lee L. Newman, Esq., Northern Life Tower, Seattle, Wash., for the petitioner. Wilford H. Payne, Esq., for the respondent.

Memorandum Opinion

FISHER, Judge:

Respondent determined a deficiency in income tax of the petitioner for the year 1956 in the amount of $183.92.

The sole issue1 is whether the loss realized from the sale of a house in 1951 was an ordinary loss deductible only in the year of the loss or a capital loss which can be carried forward to the years in question.

All of the evidence is incorporated in the record by stipulation...

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