PER CURIAM.
The question here is whether the petitioners — more strictly the husband — shall be allowed under § 23(e) (1) or (2) of the Revenue Act of 1934, 26 U.S.C.A. Int.Rev.Code, § 23 (e) (1, 2), to take as deductions from their gross income certain payments made in the years 1934 and 1935; in other words whether the payments were losses "incurred in trade or business," or "incurred" in a "transaction entered into for profit." The taxpayer...
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