Memorandum Findings of Fact and Opinion
HALL, Judge:
Respondent determined a $1,665.75 deficiency in petitioners' 1971 income tax. The questions presented are:
1. Are petitioners entitled to recognize a loss on the disposition of their Baker Street property, or did they enter into a tax-free exchange of their Baker Street property for the Templeton Avenue property?
2. In the alternative, are petitioners entitled to a theft loss deduction...
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