The case involves income and victory taxes for the calendar year 1943. (The year 1942 is involved because of the Current Tax Payment Act.) Deficiency was determined in the amount of $4,059.65, of which the petition places in issue $3,307.56. The issues before us are (a) whether petitioners are entitled to deduction of a loss on the sale of certain real estate; (b) whether petitioners are entitled to depreciation in the amount of $73.33; and (c) whether the petitioner received...
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