Memorandum Findings of Fact and Opinion
FISHER, Judge:
Respondent determined deficiencies in income tax against petitioners for the taxable years 1954 and 1955 in the respective amounts of $685.14 and $849.42.
The issue to be considered is whether or not a loss sustained by petitioner in the year 1953, on the disposition of the assets of his business, is allowable as a net operating loss deduction for carry-over purposes within the meaning of section...
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