MEMORANDUM FINDINGS OF FACT AND OPINION
COLVIN, Judge:
Respondent determined that petitioners had deficiencies in Federal income tax of $162,761 for 1987 and $57,199 for 1988. Respondent filed an amended answer asserting an additional deficiency of $31,170 for 1987.
The issues for decision are:
1. Whether respondent's contention that petitioners' worthless stock deduction for Dondi Financial Corp. (Dondi Financial) stock in 1987 was taken...
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