Memorandum Opinion
RICE, Judge:
This proceeding involves deficiencies in income tax in the amount of $236.60 for the year 1950 and $29.86 for 1951.
The only issue is whether stock which the petitioners owned became worthless in 1950 so as to entitle them to a capital loss deduction in that year and a carry-over of the balance of such loss to the year 1951.
All of the facts were stipulated, are so found, and are incorporated herein by this...
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.