LICHTENBERG v. COMMISSIONER

Docket No. 1436-65.

25 T.C.M. 969 (1966)

T.C. Memo. 1966-189

Horst Lichtenberg v. Commissioner.

United States Tax Court.

Filed August 23, 1966.


Attorney(s) appearing for the Case

Henry J. Gelles, Box 590, Lake Placid, N. Y., for the petitioner. Kennard I. Mandell, for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

The respondent determined a deficiency in income tax for the taxable year 1962 in the amount of $900.91. The deficiency is the result of disallowance of a deduction of a claimed loss from the operation of a joint venture in the amount of $5,530.70. The ultimate question is whether the petitioner is entitled to a deduction for his share of a loss sustained by an alleged joint venture, and the amount of...

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