Memorandum Findings of Fact and Opinion
This proceeding involves an income tax deficiency for 1944 in the amount of $987.89. The issues are whether petitioner is entitled to deduct: (a) $8,909.99 as a loss under section 23 (e) (2), or, alternatively, as a bad debt under section 23 (k) (1); and (b) $556 as collection expenses paid to minimize such loss.
Some of the facts were stipulated.
Findings of Fact
The stipulated facts are so found...
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