HIRSCH v. COMMISSIONER

Docket Nos. 1988-69, 1993-69.

30 T.C.M. 1008 (1971)

T.C. Memo. 1971-235

Wallace L. Hirsch and Ellen F. Hirsch v. Commissioner. Wallace L. Hirsch and Doris K. Hirsch v. Commissioner.

United States Tax Court.

Filed September 14, 1971.


Attorney(s) appearing for the Case

Arnold W. Hirsch and H. Louis Katz, for the petitioners. Alan E. Cobb, for the respondent.


Memorandum Findings of Fact and Opinion

The Commissioner determined deficiencies in petitioners' income tax as follows:

            Petitioner            Year   Deficiency
  Wallace L. & Doris K. Hirsch    1965   $ 2,934.78
  Wallace L. & Ellen F. Hirsch    1966    13,887.87

The sole issue is whether losses in the amount of $54,999 sustained by petitioner Wallace L. Hirsch in connection with the sale of stock and the redemption...

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