The respondent determined a deficiency in income tax against the petitioners for the year 1949 of $802.30. The question for decision is whether the petitioners may amortize over an 8-year period the cost of acquiring grazing privileges in the Coconino National Forest. Another issue involving the proper deduction for medical expenses is entirely dependent upon the decision of the first issue, and the parties have stipulated that this item may be adjusted by a computation under...
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