ELLIOTT v. COMMISSIONER

Docket No. 616-70.

30 T.C.M. 1030 (1971)

T.C. Memo. 1971-239

Owen D. Elliott and Kathryn Elliott v. Commissioner.

United States Tax Court.

September 21, 1971.


Attorney(s) appearing for the Case

Owen D. Elliott, pro se, 614 Dolphin Pl., Corpus Christi, Tex. Daniel A. Taylor, Jr., for the respondent.


Memorandum Findings of Fact and Opinion

FAY, Judge:

Respondent determined a deficiency in the income tax liability of petitioners for the taxable year 1967 in the amount of $762.38. The issues presented are whether a loss incurred on the sale of a personal residence is deductible as an ordinary loss under the provisions of section 165, Internal Revenue Code of 1954,1 or whether the respondent is bound by an erroneous interpretation...

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