The respondent determined deficiencies in income tax against the petitioners, Harold Wener and Molly Wener, of $5,279.53 and $238.59 for the taxable year 1947. The only question for determination is whether certain losses sustained by them in the taxable year were or were not capital losses within the meaning of the statute.
FINDINGS OF FACT.
Some of the facts have been stipulated and are so found.
The petitioners are husband and wife, and filed...
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