This case involves income tax for the calendar year 1944. Deficiency was determined in the amount of $10,374.53, all of which is involved. The issue is whether the Commissioner erred in disallowing the deduction as a loss of petitioner's portion of a loss sustained by a partnership of which he was a member.
FINDINGS OF FACT.
Petitioner is an individual who resides in Dubuque, Iowa.
Petitioner keeps his books and files his tax returns on a cash basis...
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.