Memorandum Findings of Fact and Opinion
TURNER, Judge:
The respondent determined a deficiency of $3,569.73 in income tax against the petitioner for the calendar year 1945. The issues involved are whether the respondent correctly disallowed (1) a deduction of $230 claimed as a long-term capital loss for worthlessness of forty-six shares of stock of Alfred Bruce, Inc., and (2) the deduction of $11,915 claimed as a short-term capital loss due to worthlessness...
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.