Memorandum Findings of Fact and Opinion
DISNEY Judge:
These proceedings involve the redetermination of deficiencies of $531.95 and $348.13 in income taxes of the respective petitioners for the year 1940. The issue is whether the respondent erred in disallowing a bad debt deduction of $3,783.40 to each petitioner arising from a stock brokerage account. The proceedings were consolidated for hearing and report.
Findings of Fact
The petitioners...
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