Memorandum Findings of Fact and Opinion
NIMS, Judge:
Respondent determined a deficiency in petitioner's Federal income tax for the year 1973 in the amount of $73,039. The issue for decision is whether a $150,841 loss which petitioner sustained in a real estate transaction was an ordinary or capital loss.
Findings of Fact
Some of the facts have been stipulated. The stipulation and the attached exhibits are incorporated herein by reference...
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