Memorandum Findings of Fact and Opinion
WILLIAMS, Judge:
The Commissioner determined deficiencies in petitioners' 1983 and 1984 Federal income tax in the amounts of $7,277 and $5,637, respectively. The issue we must decide is whether petitioner Richard E. Stair may deduct losses incurred in his automobile racing and repair activities.
Findings of Fact
Some of the facts in this case have been stipulated and are so found. Petitioners were...
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