Memorandum Findings of Fact and Opinion
HAMBLEN, Judge.
Respondent determined deficiencies of $1,836 and $3,817.88, respectively, in petitioner's 1982 and 1983 Federal income taxes. The issues to be decided are: (1) whether petitioner's drag racing activity was an activity not engaged in for profit during 1982 and 1983, and (2) whether petitioner is entitled to an investment tax credit in 1983 with respect...
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