Memorandum Findings of Fact and Opinion
WHITAKER, Judge:
Respondent determined deficiencies in petitioners' Federal income tax for the years and in the amounts as follows:
Year Deficiency 1977 ............ $5,386 1978 ............ 8,154
The deficiencies arise out of the disallowance by respondent of deductions for interest claimed by petitioners to have been paid on indebtedness...
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