Memorandum Findings of Fact and Opinion
TIETJENS, Judge:
The respondent determined a deficiency in income tax in the amount of $12,486.84 for the calendar year 1948.
Some of the adjustments made by the respondent are not contested. The questions for decision are:
(1) Whether a claimed deduction of $475 for a bad debt is allowable?
(2) Whether a payment of $1,000 for services in handling certain transactions on the commodity markets...
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