Memorandum Findings of Fact and Opinion
SCOTT, Judge:
Respondent determined a deficiency in petitioners' income tax for the calendar year 1968 in the amount of $2,751.08.
The issue for decision is to what extent, if any, a payment of $19,384.65 made by the Alaska Mortgage Adjustment Agency to the Small Business Administration on behalf of petitioners in reduction of their home mortgage constitutes gross income to petitioners as a recovery for a previously...
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