Karl G. Platen v. Commissioner

Karl G. Von Platen v. Commissioner.

Karl G. Platen v. Commissioner

Docket No. 34982.

United States Tax Court

1953 Tax Ct. Memo LEXIS 218; 12 T.C.M. (CCH) 657; T.C.M. (RIA) 53203;

June 9, 1953

B. W. Flinn, C.P.A., City Hall Building, Rockford, Ill., for the petitioner. Robert R. Veach, Esq., for the respondent.

RAUM

Memorandum Opinion

RAUM, Judge: The respondent determined deficiencies in the income and victory taxes of the petitioner as follows:

Year

Kind of Tax

Deficiency

1943

Income and victory

$ 49.42

1944

Income

3,034.38

The sole issue presented is whether the petitioner sustained long-term capital losses…