The Commissioner determined a deficiency of $602.14 in income tax for 1948 against the petitioners. The only issue for decision is whether the petitioners are entitled to a deduction of $3,627.36 under section 23 (e) (3) resulting from the failure of a contractor to complete the construction of a house.
FINDINGS OF FACT.
The petitioners, husband and wife, filed a joint return for 1948 with the collector of internal revenue for the twenty-third district of...
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