Memorandum Findings of Fact and Opinion
NIMS, Judge:
Respondent determined deficiencies in petitioner's federal income taxes as follows:
Year Deficiency 1975 ........... $1,454.23 1976 ........... 967.00
Various concessions having been made by the parties, only two issues remain for decision: (1) whether petitioner is entitled to deductions in 1975 and 1976 for alleged losses resulting from the bankruptcy...
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