DAWSON, Judge:
In these consolidated cases the respondent determined the following deficiencies in petitioners' Federal income taxes:
Docket No. Year Deficiency 1538-79 ............ 1976 $4,541.00 10923-79 ........... 1977 757.00
The deficiency determined for the year 1976 is based on an adjustment disallowing the deductions of losses...
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