The respondent determined a deficiency of $400.33 in the income tax of petitioner for the year 1941. The only issue is whether the petitioner is entitled to a deduction of $1,100 under section 23 (e) (1) or (2) of the Internal Revenue Code, relating to losses sustained by individuals.
FINDINGS OF FACT.
The petitioner is a resident of Birmingham, Alabama. He reported his income on the cash basis for the taxable year 1941 and for the year 1933. The petitioner...
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