MARIS, Circuit Judge.
This is a petition by the taxpayers to review a decision of the Tax Court as to their income tax liability for the taxable year 1949. The sole question involved is whether the court erred in holding that a loss sustained by the taxpayers in that year was a non-business bad debt deductible as a short-term capital loss only to the limited extent permitted by Section 23(k) (4) of the Internal Revenue Code, 26 U.S.C., rather than an ordinary loss...
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