Memorandum Findings of Fact and Opinion
SCOTT, Judge:
Respondent determined deficiencies in petitioner's income taxes for the calendar years 1965 and 1968 in the amounts of $1,293.36 and $2,234.52, respectively.
The only issue for decision is whether petitioner is entitled to an ordinary loss or a short-term capital loss in the amount of $20,000 in the calendar year 1968. The resolution of this issue depends on whether the foreclosure by the holder...
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