Memorandum Findings of Fact and Opinion
HALL, Judge:
Respondent determined income tax deficiencies of $2,821.30 for 1971 and $60 for 1972. The issue for decision is whether respondent properly disallowed Estelle Lanier's net losses from the Lanier-Ballich joint venture, a dog kennel operation, because the activity was not engaged in for profit during 1971 and 1972.
Findings of Fact
Some of the facts have been stipulated and are found accordingly...
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