OPINION.
MULRONEY, Judge:
The respondent determined a deficiency in petitioners' income tax for the taxable year 1952 in the amount of $3,349.66. The only question in the case is whether a net operating loss deduction for the year 1952 resulting from net operating loss carrybacks from 1953 and 1954 was correctly computed.
All of the facts have been stipulated and are found accordingly.
Petitioners are husband and wife who, during the...
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