Memorandum Findings of Fact and Opinion
Respondent determined a deficiency in petitioner's income tax for 1949 in the amount of $11,926.07.
The questions presented are (1) whether the respondent erred in determining that petitioner was not entitled to deduct certain expenditures made in the taxable year 1949 in connection with his boat the "Thunderer"; (2) whether petitioner sustained a deductible loss on the sale of his boat in the taxable year 1949; and...
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