Memorandum Findings of Fact and Opinion
FEATHERSTON, Judge:
For the years 1971, 1972, 1973, 1974, and 1975, respondent determined deficiencies in petitioner's Federal income tax in the respective amounts of $49.69, $73.02, $657.82, $1,000.78, and $615.33. Due to concessions by the parties, the issues remaining for decision are:
1. Whether a loan of $20,000 by petitioner to Lake Havasu Estates on March 27, 1972, was wholly worthless in 1973, and if...
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