Memorandum Findings of Fact and Opinion
FORRESTER, Judge:
Respondent has determined a deficiency in petitioner's income tax for its fiscal year ended March 31, 1958, in the amount of $3,995.17 and the only issue remaining for decision is whether petitioner is entitled to deduct the amount of $7,683.03 claimed as the expense of maintenance of a residence property rented during such year to petitioner's president.
All of the facts have been stipulated...
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