Memorandum Opinion
MURDOCK, Judge:
The Commissioner determined a deficiency of $2,893.73 in the income tax of the petitioner for the calendar year 1941. The only issue is whether the Commissioner erred in disallowing a long-term loss of $12,749.65 claimed on the return as one-half of the loss from the sale on December 12, 1941 of 750 shares of common stock of The Argus Corporation. The Commissioner explained that the loss was disallowed because the stock...
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