Memorandum Findings of Fact and Opinion
FAY, Judge:
Respondent determined deficiencies in the income tax liability of the petitioners for the taxable years 1967, 1968, and 1969, as follows:
Year Amount 1967 ......... $ 7,795.72 1968 ......... 7,581.10 1969 ......... 21,268.92
The issue is whether losses incurred in the commodity futures market are capital or ordinary.
Findings of...
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