United States Tax Court.
Memorandum Findings of Fact and Opinion
This proceeding involves the following deficiencies in income tax determined by the respondent under the provisions of the 1939 Code:
Year Deficiency 1948 ............. $10,758.81 1949 ............. 20,874.64 1950 ............. 24,619.24
The only issue is whether petitioners sustained deductible losses during the years in issue in connection with the operation of a woolen...
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