Memorandum Findings of Fact and Opinion
FISHER, Judge:
Respondent determined deficiencies for the years 1949 and 1950 in the respective amounts of $395.22 and $1,342.16. The deficiency for 1949 was attributable to disallowance of a net operating loss carry-back from 1950, which in turn depends upon the treatment of certain deductions taken by petitioners in the latter year, giving rise to the issues before us.
The questions presented to us are:<...
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