Memorandum Opinion
MULRONEY, Judge:
The Commissioner determined deficiencies in the income taxes of the petitioners as follows: 1950, $130.16; 1951, $490.52; 1952, $45.98.
The issues are (1) whether the respondent was correct in disallowing certain loss deductions taken by a life income beneficiary of a trust in her individual tax returns for 1950 and 1951 for losses allegedly sustained by the trust on its investments, and (2) whether certain increases...
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