Memorandum Findings of Fact and Opinion
FORRESTER, Judge:
Respondent has determined a deficiency in the income tax of petitioner of $112,313.03 for its fiscal year ended September 30, 1952. The issue now before us is whether petitioner sustained a capital loss in said year due to the worthlessness of certain preferred stock, and, if so, the amount of said loss.
Findings of Fact
Some of the facts have been stipulated and they are so found...
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