The Commissioner determined a deficiency of $7,903.35 in the income tax of the petitioners for the calendar year 1940. The petitioners assign error on the part of the Commissioner in disallowing deductions of:
(a) $26,181.77 representing a loss on the transfer of real estate to the the mortgagee;
(b) $1,046.08 representing caretaker expenses on the property from January 1, 1940, to the date of the transfer;
(c) $938.88 representing a bad debt;
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