Memorandum Findings of Fact and Opinion
The Commissioner has determined a deficiency of $10,524.61 in petitioner's income tax for the calendar year 1947 resulting from the following adjustments in petitioner's return: (a) disallowance of deductions of $2,896.10 for depreciation and $1,388.59 for other expenses incurred in the operation of a farm, thereby negating a net farm loss deduction of $3,194.69; (b) disallowance of a $15,000 bad debt deduction; and (c) reduction...
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