Respondent determined a deficiency in petitioner's income tax liability for the year 1941 in the amount of $3,595.57. The deficiency results in part from the disallowance of a loss claimed as arising from stock in a French company. The question is whether petitioner is entitled to a loss deduction in 1941 on account of his stock interest in the French company under section 23 (e) or section 127 of the Internal Revenue Code. Petitioner filed a return for 1941 with the collector...
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