Memorandum Findings of Fact and Opinion
Respondent has determined deficiencies in petitioner's income tax for the calendar years 1954, 1955, and 1956 in the respective amounts of $680.89, $834.15, and $666.26. The issue is whether petitioner incurred a net operating loss in 1953 which may be carried forward and deducted in the tax years in question.
Findings of Fact
The stipulated facts are incorporated by this reference.
Petitioner is...
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