GODART v. COMMISSIONER

Docket No. 277-67.

51 T.C. 937 (1969)

PIERRE GODART AND SUZANNE GODART, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 12, 1969.


Attorney(s) appearing for the Case

Norman Nadel, for the petitioners.

Paul H. Frankel and Irving Bell, for the respondent.


MULRONEY, Judge:

Respondent determined a deficiency in petitioners' income tax for the year 1962 in the amount of $46,557.28. After certain concessions made by the parties, the sole issue left for decision is whether the admitted loss petitioners suffered when certain stock became worthless in 1962 was a loss on "section 1244 stock."

FINDINGS OF FACT

Some of the facts have been stipulated and they are found accordingly.

Pierre Godart...

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