Memorandum Findings of Fact and Opinion
SCOTT, Judge:
The Commissioner determined deficiencies in petitioners' income tax for the calendar years 1955 and 1957 in the amounts of $504.21 and $266.83, respectively. The issues for decision are: (1) Whether the Commissioner is correct in considering the amount of $2,350 deducted in full by petitioner in 1955 as a loan to a corporation which had become insolvent to be a nonbusiness bad debt; (2) whether respondent...
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