Memorandum Findings of Fact and Opinion
BRUCE, Judge:
The Commissioner determined a deficiency in the petitioners' 1969 income tax in the amount of $25,208.12. The sole issue is whether Harold W. Hardy Supermarket Co., Inc., a Subchapter S corporation wholly owned by Harold Hardy, is entitled to a bad debt deduction in 1969 for $46,241.89 advanced to Louisville Composition Products Co., Inc. The question of the amount allowable as a medical deduction will...
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