SOLOMON, Chief Judge.
Plaintiffs, taxpayers, filed an action to recover income taxes alleged to have been overpaid for the years 1954 through 1958 because the District Director of Internal Revenue had denied them a deduction for the loss sustained when a contract for deferred payments received upon the sale of their residence became worthless.
On July 7, 1948, plaintiffs purchased a house in Portland, Oregon, which they occupied as their residence until September...
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