Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency of $5,197.47 in the income tax of the petitioners for 1955. The only issue for decision is whether an admitted loss is deductible in full or is limited to short-term capital loss treatment as a nonbusiness bad debt.
Findings of Fact
The petitioners, husband and wife, filed a joint Federal income tax return for 1955 with the district director of internal revenue at...
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