Memorandum Opinion
HARLAN, Judge:
Respondent determined a deficiency in the income tax of petitioner in the amount of $1,191.27 for the calendar year 1941. The sole question is — what is the basis for gain or loss of 4,000 shares of the common stock of Gimbel Brothers, Inc., sold by petitioner in 1941?
[The Facts]
The facts are stipulated and we adopt the stipulation as our findings. For the purposes of this opinion the following...
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