Memorandum Findings of Fact and Opinion
WILES, Judge:
Respondent determined a deficiency of $55,673.18 in petitioners' 1970 income tax and a deficiency of $103,298.92 in petitioners' 1971 income tax.
The sole issue is the determination of the estimated useful life of certain improvements to real property owned by Laurence S. Ames (hereinafter petitioner).
Findings of Fact
Some of the facts were stipulated and are found accordingly...
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