Memorandum Opinion
ARNOLD, Judge:
Respondent determined a deficiency in petitioner's income tax for 1943 of $1,411.36. The principal issue is whether a boat maintained by petitioner and sold at a loss was used in petitioner's trade or business. The parties stipulated that the amount claimed on petitioner's return for 1942 as medical expenses, $2,331.76, was so expended by petitioner in that year.
[The Facts]
Petitioner is an individual...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.