Memorandum Findings of Fact and Opinion
PIERCE, Judge:
The respondent determined deficiencies in petitioner's income taxes for the calendar years 1955, 1956, and 1957, in the respective amounts of $2,476.84, $3,058.51, and $1,526.76.
The sole issue presented for decision is, whether petitioner was engaged during the taxable years in a trade or business of breeding, raising, buying, selling and exhibiting horses. If she was so engaged, then she correctly...
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