Memorandum Findings of Fact and Opinion
HARLAN, Judge:
This is an application for a redetermination of a deficiency declared by the Commissioner in petitioner's income tax return for the year 1941 in the sum of $532.69.
The question is as to whether a long term capital loss resulting from the sale of property purchased by petitioner's funds but conveyed to petitioner's wife as trustee for petitioner's daughter, shall be allowed as a deduction against...
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