Memorandum Findings of Fact and Opinion
DISNEY, Judge:
This proceeding involves a deficiency in income tax determined by the Commissioner for the year 1938 in the amount of $214.72. The questions for decision are whether the petitioners are entitled to deductions for the amount of certain legal expenses paid by Samuel E. Jacobs in the taxable year, and for a loss on certain stock owned by Samuel E. Jacobs, which the petitioners allege became worthless in...
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