DeGROFF, JR., v. COMMISSIONER

Docket No. 2306-76.

36 T.C.M. 1284 (1977)

T.C. Memo. 1977-318

Harold M. DeGroff, Jr., and Sarah M. DeGroff v. Commissioner.

United States Tax Court.

Filed September 19, 1977.


Attorney(s) appearing for the Case

Phillip R. Scaletta, 10th floor, American Fletcher Bldg., 111 Monument Circle, Indianapolis, Ind., for the petitioners. Elsie Hall, for the respondent.


Memorandum Findings of Fact and Opinion

WILES, Judge:

Respondent determined a $2,660.06 deficiency in petitioners' 1972 Federal income taxes. Other issues having been settled, we must determine whether a loss petitioners suffered when stock they owned became worthless was a loss on section 1244 stock.

Findings of Fact

This case was fully stipulated by the parties. Their stipulation of facts and the attached exhibits are incorporated herein...

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