Memorandum Findings of Fact and Opinion
WHITAKER, Judge:
Respondent determined a deficiency for petitioner's taxable year ended 1977 in the amount of $12,677.50. After concessions, the issues for decision are whether petitioner is entitled to deduct certain depreciation and other expenses in connection with the operation of a 31-foot Bertram Flybridge Cruiser (the boat), and whether petitioner is entitled to claim an investment tax credit with respect to...
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