United States Tax Court October 9, 1953, Docket Nos. 35201, 35202, 35203, 37394, 37395, 40290, 40291, 40292 (MacMurray v. Commissioner)

lead-opinion

Raum, Judge:

The respondent determined the following deficiencies in income tax:

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The issues are:

(1) When a business operated by a marital community in California sustains losses for 5 consecutive years, does the $50,000 limitation provided for in section 130 of the Internal Revenue Code apply to the total loss sustained in each year by the community or to the share of