OPINION.
LEECH, Judge:
Respondent has determined a deficiency of $13,186.42 in income tax for the calendar year 1941. The question presented is whether in determining the deficiency respondent acted properly under section 24 (b) (1) (B) of the Internal Revenue Code in disallowing a long term capital loss claimed by petitioner as resulting from the sale in 1941 of certain real estate to one of its stockholders. The proceeding was submitted under a...
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