PIERCE, Judge:
Respondent determined a deficiency of $206.32 in petitioners' income tax for the calendar year 1953.
The issues presented are:
(1) Whether the amount of $499.06 paid by the principal petitioner as interest on the unpaid balance of the contract price for his purchase of a share in a business partnership, is an expense attributable to a "trade or business carried on by the taxpayer" within the meaning of section 22(n) (1) of the...
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