Memorandum Findings of Fact and Opinion
TRAIN, Judge:
Respondent determined deficiencies in income tax liability for the petitioner for fiscal years ended May 31, 1957, and May 31, 1958, in the amounts of $7,584.65 and $28,796.98, respectively, and an overassessment for fiscal year ended May 31, 1956, in the amount of $30,369.10.
The only issue for decision is whether the sale of stock in two wholly-owned corporations resulted in an ordinary loss...
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