Booth v. Commissioner

George E. Booth v. Commissioner.

Booth v. Commissioner

Docket No. 105161.

United States Tax Court

1944 Tax Ct. Memo LEXIS 355; 3 T.C.M. (CCH) 176; T.C.M. (RIA) 44057;

February 26, 1944

Walter Bachrach, Esq., 231 S. La Salle St., Chicago, Ill., for the petitioner. Harold H. Hart, Esq., for the respondent.

LEECH

Memorandum Findings of Fact and Opinion

LEECH, Judge: This proceeding is for redetermination of income taxes for the calendar year 1937 in the amount of $3,775.80. The issue is whether petitioner is entitled to any deductible loss in 1937 upon his assertion that certain stock became worthless in…