Memorandum Findings of Fact and Opinion
FORRESTER, Judge:
Respondent determined a deficiency in petitioners' Federal income tax for the taxable year 1967 in the amount of $3,365.49. Because of concessions, the only issues remaining for our decision are (1) whether a loss which petitioners sustained in 1967 on a mortgage foreclosure qualifies as a business bad debt deduction, and (2) whether, under the facts of this case, foreclosure expenses are properly...
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