Memorandum Findings of Fact and Opinion
DISNEY, Judge:
This proceeding involves a deficiency of $16,777.05 in income tax for 1941. The single error in the case is whether the respondent erred in treating certain advances of petitioner to corporations as resulting in long-term capital losses instead of deductible bad debts, as claimed by the petitioner in his return. Facts stipulated at the hearings are embodied in our findings from other evidence.
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