Memorandum Opinion
SCOTT, Judge:
Respondent determined a statutory deficiency in petitioners' income tax for the calendar year 1966 in the amount of $132.83.
The only issue for decision is whether petitioners realized a capital gain or sustained a deductible loss upon receipt in reimbursement for lost cattle of an amount less than the market value but more than petitioners' basis in the cattle.
All of the facts...
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.