OPINION.
DRENNEN, Judge:
Respondent determined a deficiency in petitioner's income tax for the taxable year 1957 in the amount of $2,417.33. The only issue for decision is whether petitioner is entitled to a deduction under section 166(f) of the Internal Revenue Code of 1954 as the result of a loss sustained by petitioner as guarantor of a noncorporate obligation.
All of the facts have been stipulated, are so found and are incorporated herein...
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