FEATHERSTON, Judge:
Respondent determined a deficiency in petitioners' Federal income tax for the calendar year 1963 in the amount of $1,327.57. Petitioners concede that they understated their professional income for that year in the amount of $5,565 but contend that they sustained a deductible demolition loss in the amount of $13,288.75 and had certain ordinary and necessary expenses in connection with rental property which were not allowed as deductions....
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