Memorandum Findings of Fact and Opinion
ARUNDELL, Judge:
The respondent has determined a deficiency in income tax for the year 1953 in the amount of $290, which deficiency arises from the disallowance of a loss deduction claimed by reason of certain shares of stock becoming worthless in 1953.
Findings of Fact
Petitioners filed a joint income tax return for the year 1953 with the director of internal revenue, Indianapolis, Indiana. The taxpayer...
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