Memorandum Opinion
SCOTT, Judge:
Respondent determined a deficiency in petitioner's income tax for the calendar year 1971 in the amount of $87,810. The issue for decision is whether petitioner sustained a loss in 1969 from his investment in Westec stock resulting in a capital loss carryover to the year 1971.
All of the facts have been stipulated and are found accordingly.
At the time the petition in this case was filed petitioner lived in...
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