Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency in income taxes for 1949 in the amount of $2,925.28 against petitioners. The principal issue relates to the deductibility of a net loss in the amount of $10,885.34 sustained in 1949 in connection with the operation of a boat owned by petitioner. By amended pleadings, petitioner seeks to increase the claimed deduction by $2,235.
Findings of Fact
A stipulation of facts...
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