Memorandum Opinion
SCOTT, Judge:
Respondent determined a deficiency in petitioners' income tax for the calendar year 1976 in the amount of $18,732.55. By amendment to answer filed on February 6, 1980, respondent claimed an increase in the deficiency of $582.97, making a total claimed deficiency of $19,315.52. The issues for decision are (1) whether petitioners are entitled to a deduction for an ordinary loss of $50,000, or any part thereof, because stock...
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