The Commissioner determined deficiencies of $4,858.04 and $2,728.88 in petitioner's income tax for 1940 and 1941, respectively. Petitioner assails:
(1) The disallowance of a bad debt deduction, claimed for 1940 because of his payment by personal note of a note given him for advances to a corporation, later insolvent and dissolved, which note he had endorsed and discounted at a bank. In the alternative he claims the same deduction for 1941, when he paid his personal...
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