Memorandum Findings of Fact and Opinion
HARRON, Judge:
The Commissioner determined a deficiency in income tax for the taxable year 1951 in the amount of $290.92. The question to be decided is whether an alleged loss of $1,450 is deductible either as loss from a theft under section 23(e)(3), or as a nonbusiness bad debt under section 23 (k)(4) of the Internal Revenue Code of 1939.
Findings of Fact
Petitioners filed a joint return for the...
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