This proceeding is for the redetermination of a deficiency in income tax for the calendar year 1941 in the amount of $8,627.58. The question in issue is whether the petitioner as legatee of his father is entitled to a deduction for a bad debt within the meaning of section 23 (k), Internal Revenue Code, by reason of the fact that a debt due to the partnership of which his father was a member became worthless in the taxable year.
FINDINGS OF FACT.
The petitioner...
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