This case involves a deficiency of $259 in Federal income tax determined against petitioner for the year 1945.
The question presented is whether the losses sustained on the sale of real estate in which the trust had fractional interests are deductible by the life beneficiary with a general power of appointment.
FINDINGS OF FACT.
The facts stipulated are so found and made a part hereof.
The petitioner, Marie E. Meier, is an unmarried individual...
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