Memorandum Findings of Fact and Opinion
COLVIN, Judge:
In this case we decide whether petitioner is entitled to a $33,000 bad debt deduction and an additional $1,074 deduction for automobile expenses.
Respondent determined a deficiency of $4,028.80 in petitioners' income tax for taxable year 1981. Respondent did not determine any additions to tax.
The 1981 deficiency resulted because respondent determined that petitioners' net operating loss...
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