Memorandum Findings of Fact and Opinion
STERRETT, Judge:
Respondent determined a deficiency in petitioners' Federal income tax for the calendar year 1970 in the amount of $932.18. The issues for decision are: (1) whether, in connection with loans that became uncollectible in 1970, petitioners are entitled to a business or a nonbusiness bad debt deduction; (2) whether petitioners have substantiated an employee business expense in the amount of $1,500; (3...
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