Oregon Tax Court March 5, 1997, TC 4003 (Lydiard v. Department of Revenue)

CARL N. BYERS, Judge.

Plaintiff (taxpayer) appeals from the denial of a capital loss deduction for his personal income taxes for 1976. Although the deduction has ramifications for a number of tax years, this appeal concerns only the nature of the property sold.

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FACTS

Taxpayer is a resident of Washington but grew up in Medford, Oregon.