Memorandum Findings of Fact and Opinion
FORRESTER, Judge:
The respondent has determined a deficiency in petitioners' income tax for the calendar year 1960 in the amount of $1,908.65, based upon disallowance of a claimed loss of $3,235 in connection with the involuntary conversion of a portion of petitioners' residence property during such year. The correctness of such action is the only issue for our decision.
All of the facts have been stipulated...
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