Respondent determined a deficiency of $29.71 in petitioner's income tax liability for the year 1944 and denied petitioner's claim for refund for that year in the amount of $11,962.68, for which petitioner now claims an overpayment.
The sole issue is whether a loss sustained by a trust in which petitioner had an interest was an ordinary loss or a capital loss to petitioner.
Most of the facts were stipulated. The stipulation of facts and the exhibits attached...
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