Memorandum Findings of Fact and Opinion
RAUM, Judge:
The respondent determined a deficiency in the income tax of petitioner for the calendar year 1950 in the amount of $11,137.72 and an addition to tax under Section 294(d) of the Internal Revenue Code in the amount of $2,727.69. Petitioner has waived all but one of the allegations of error made in his petition. The only remaining issue is whether a certain non-business debt owed to petitioner became worthless...
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