TIETJENS, Judge:
Respondent determined deficiencies in the income taxes of petitioners for the taxable years 1961 and 1962 in the amounts of $3,267.42 and $3,550.69.
Some adjustments made by respondent have either been conceded or abandoned by petitioners, thus leaving three issues for our decision:
(1) Does section 267(a)(1), I.R.C. 1954, prohibit the deduction of a capital loss, and resulting capital loss carryovers, where the Internal Revenue...
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.