Memorandum Findings of Fact and Opinion
ATKINS, Judge:
The respondent determined deficiencies in income tax for the taxable year 1960 against the petitioners Leon S. and Fern Jaffee in the amount of $5,315.91, and against the petitioners Walter S. and Lois H. Ruekberg in the amount of $3,889.57.
The issue is whether the petitioners are entitled to a business bad debt deduction for 1960 on account of amounts totaling $14,100 which had been advanced...
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