Memorandum Findings of Fact and Opinion
TURNER, Judge:
The respondent determined a deficiency in income tax for the year 1949 against the petitioners in the amount of $2,129.34. The question presented is whether the petitioners are entitled to a bad debt deduction in the amount of $5,850.
Findings of Fact
The petitioners are husband and wife, and are residents of Encino, California. They filed their joint income tax return for 1949 with...
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