The Commissioner determined a deficiency in income tax for 1949 in the amount of $704.70. The only issue is whether petitioners are entitled to a deduction on their joint individual income tax return for 1949 for gambling losses in the amount of $3,140.
FINDINGS OF FACT.
Petitioners, husband and wife, reside in Allston, Massachusetts. They filed their joint individual income tax return for 1949 with the collector of internal revenue at Boston, reporting...
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