[Memorandum Findings of Fact and Opinion]
STERRETT, Judge:
Respondent determined a deficiency in income tax for the calendar year 1961 in the amount of $49.
Prior to trial on the merits, several hearings were held on procedural matters of which no further reference will be made. The only issue involved is whether the respondent correctly disallowed $600 (personal exemption) of a net operating loss of $688.38 for the...
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