Memorandum Findings of Fact and Opinion
WILES, Judge:
Respondent determined a $713.84 deficiency in petitioners' 1976 Federal income tax. After concessions, the sole issue for decision is whether petitioners realized an ordinary loss with respect to the disposition of their interest in a tract of real estate.
Findings of Fact
Some of the facts have been stipulated and are found accordingly.
Howard A. Lang, Jr. (hereinafter petitioner...
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