Kalm v. Commissioner

Samuel Kalm v. Commissioner.

Kalm v. Commissioner

Docket No. 8085.

United States Tax Court

1946 Tax Ct. Memo LEXIS 106; 5 T.C.M. (CCH) 728; T.C.M. (RIA) 46203;

August 14, 1946

Abraham J. Briloff, C.P.A., 347 Madison Ave., New York 17, N. Y., for the petitioner. Fred R. Tansill, Esq., for the respondent.

HARLAN

Memorandum Findings of Fact and Opinion

HARLAN, Judge: This is an application for a redetermination of a deficiency declared by the Commissioner in petitioner's income tax return for the year 1941 in the sum of $532.69.

The question is as to whether a long term capital loss resulting from the…