Memorandum Findings of Fact and Opinion
HOYT, Judge:
The Commissioner determined a deficiency in petitioners' Federal income taxes in the amount of $6,360.17 for the taxable year 1965. Our first issue for decision is whether a loss incurred by petitioner on payment under a guaranty of a corporate client's debt was a loss incurred in connection with the purchase of stock in the corporation where petitioner received an assignment of stock in the corporation...
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