HOUSE v. COMMISSIONER

Docket No. 68681.

18 T.C.M. 219 (1959)

T.C. Memo. 1959-47

H. B. House, Petitioner, v. Commissioner.

United States Tax Court.

Filed March 9, 1959.


Attorney(s) appearing for the Case

C. Orman Manahan, Esq., for the petitioner. Herbert A. Seidman, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

DRENNEN, Judge:

Respondent determined deficiencies in the income tax of petitioner for the taxable years 1953 and 1954 in the amounts of $604.21 and $497.04, respectively. Certain of the issues raised by petitioner were conceded by him at the hearing. The remaining issues involve the correctness of respondent's action in (1) reducing petitioner's allowable loss from a partnership, Henry House & Sons, for the year...

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