The Commissioner determined a deficiency in petitioners' 1957 income tax in the amount of $39,548.40. That determination raises the question whether interest due on U.S. Government obligations allegedly borrowed from Livingstone & Co. in order to cover a purported short sale was paid to the alleged lender and was deductible by petitioners. Another question raised by the Commissioner's determination of an increased deficiency in the amount of $2,858.83 in an amended answer...
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