United States Tax Court.
The respondent determined deficiencies in income taxes against the petitioner, as follows:
Year Deficiency 1944 ---------------------------------- $10,963.70 1945 ---------------------------------- 8,541.53 1946 ---------------------------------- 8,606.91
Two issues are presented — the first, whether the loss sustained on the sale of stock is part of the cost of goods sold, a...
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