Memorandum Findings of Fact and Opinion
HARRON, Judge:
The respondent determined a deficiency in income tax for the year 1941 in the amount of $528.57. There is only one question, whether petitioner is entitled to a deduction in 1941 in the amount of $2,300.00 on account of a bad debt. Respondent disallowed the deduction for the reason that the item did not represent a debt which became worthless in the taxable year within section 23 (k) of the Internal...
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