Memorandum Findings of Fact and Opinion
DISNEY, Judge:
This proceeding involves the redetermination of a deficiency of $14,678.86 in the income tax and $3,994.24 in excess profits tax for 1936. The sole issue is whether petitioner is entitled to a deduction of $40,000 on account of worthlessness of certain stock in the taxable year, petitioner having abandoned the other issue raised by the petition.
Findings of Fact
The petitioner, prior...
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