United States Board of Tax Appeals September 9, 1938, Docket Nos. 90378, 90379. (Halliday v. Commissioner)

*523OPINION.

Hill :

Substantially the only issue raised by the pleadings in these consolidated cases is whether or not respondent erred in disallowing deductions of $20,030.66 each claimed by petitioners from gross income for the taxable year, representing their respective proportionate shares of the total loss alleged to have been sustained by the W. P.