SHIELDS, Judge:
Respondent determined the following deficiencies in petitioner's Federal income taxes:
Year Deficiency 1977 ............... $1,992.60 1978 ............... 2,364.60 1979 ............... 787.90
Due to concessions, the sole issue for decision is whether petitioner's gambling losses are properly characterized as deductions from gross income under section 62(1)...
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