United States Board of Tax Appeals October 10, 1941, Docket No. 104576. (Havemeyer v. Commissioner)

lead-opinion

OPINION.

Murdock:

The Commissioner determined a deficiency of $1,311.19 in income tax for 1937. The Board adopts the stipulation of the parties as its findings of fact.

The petitioner filed her individual return for 1937 in the second district of New York. She was one of four equal owners of a bond and mortgage secured by real estate in New York.