Memorandum Findings of Fact and Opinion
EKMAN, Judge:
Respondent determined a deficiency of $30,862.03 in petitioner's Federal income tax for the year 1975. After a concession by petitioner, the sole remaining issue is whether a debt which became worthless in 1975 was a "nonbusiness" debt within the meaning of section 166(d).
Findings of Fact
Some of the facts have been stipulated. The stipulation of facts, the first supplemental stipulation...
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