Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency of $2,372.03 for 1947. The only issue is whether a debt which became worthless during 1947 was a business or non-business bad debt.
Findings of Fact
The petitioner filed her return for 1947 with the collector of internal revenue for the Third District of New York.
The petitioner loaned $8,460.03 in 1946 to Plumas Mining Company and the debt became worthless...
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