Shapiro v. Commissioner

Simon Shapiro and Jeanette Shapiro v. Commissioner.

Shapiro v. Commissioner

Docket No. 4194-64.

United States Tax Court

T.C. Memo 1966-128; 1966 Tax Ct. Memo LEXIS 152; 25 T.C.M. (CCH) 654; T.C.M. (RIA) 66128;

June 16, 1966

Hershel Zonderman, 19 Milk St., Boston, Mass., for the petitioners. Robert B. Dugan, for the respondent.

MURDOCK

Memorandum Findings of Fact and Opinion

The Commissioner determined deficiencies in income tax of the petitioners as follows:

Year

Deficiency

1956

$4,386.46

1957

2,957.93

1958

83.20

1959

1,647.62

1960

80.61

1961

68.20

The only question for decision is whether losses sustained by Simon…