CHRISTENSEN v. COMMISSIONER

Docket No. 4253-66.

28 T.C.M. 594 (1969)

T.C. Memo. 1969-112

Hans Christensen v. Commissioner.

United States Tax Court.

Filed May 29, 1969.


Attorney(s) appearing for the Case

Warren V. Clodfelter, 1500 I. B. M. Bldg., 1200 Fifth Ave., Seattle, Wash., and Richard F. Kroetch, for the petitioner. Lee A. Kamp, for the respondent.


Memorandum Findings of Fact and Opinion

BRUCE, Judge:

Respondent determined a deficiency in the amount of $25,761.59 in income tax of the petitioner for the year 1964. The issues remaining for decision are whether petitioner's investment in certain stock and debentures became worthless in 1964, and if so, what was petitioner's basis in the stock.

Findings of Fact

The stipulation of facts and the exhibits attached to the stipulation are...

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