Memorandum Findings of Fact and Opinion
STERRETT, Judge:
Respondent, on March 18, 1977, issued a statutory notice in which he determined a deficiency in petitioners' Federal income tax for their taxable year 1974 in the amount of $10,072. After concessions by the parties the issues remaining for our determination are: (1) whether petitioners may deduct in 1974 the decline in value of stock sold in 1975, and (2) whether such deduction, if any, is ordinary...
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