Memorandum Findings of Fact and Opinion
HARLAN, Judge:
By agreement these cases are consolidated. These proceedings are brought for the redetermination of a deficiency of $688.86 in the income tax of each of the petitioners for the year 1941. The question to be determined is whether petitioners' loss on their investment in beneficial units of the Rancho Golden Citrus Association was sustained in the taxable year 1941, as claimed by petitioners, or in a year...
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