TANNENWALD, Judge:
Respondent determined deficiencies in petitioners' income tax for 1966 and 1967 in the respective amounts of $1,873.43 and $15,744.53. Petitioners have conceded the entire deficiency for 1966 and a portion of the deficiency for 1967.
The one issue remaining for decision is whether the petitioners are entitled to deduct, as a loss in 1967, the adjusted basis of buildings demolished in that year and the cost of the demolition.
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