Conway v. Commissioner

*665OPINION.

Under the decisions of the Supreme Court in United States v. Flannery, 268 U. S. 98, and McCaughn v. Ludington, 268 U. S. 106, the loss in this case is to be computed by deducting the sale price from the aggregate cost. So computed, the loss is $375.

Judgment will be entered on 15 days' notice, under Rule 50.