PER CURIAM:
Appellants seek reversal of a Tax Court decision holding that short-term capital losses of $967,650.60, resulting from short sales of securities in the stock market, were not properly deductible for the taxable year 1963.
During 1963, the taxpayers sold short 3900 shares of Syntex Corporation through their broker, Bache & Co., depositing sufficient cash and securities with Bache to meet established margin requirements for short sales. The price...
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