Memorandum Findings of Fact and Opinion
FORRESTER, Judge:
Respondent has determined a deficiency in income tax of the petitioners for the taxable year 1955 in the amount of $2,698.24. The only issue presented for our consideration is whether petitioners are entitled to deduct the amount of $10,274.58 paid by petitioner W. O. Pope during 1955 on a judgment against him.
Some of the facts have been stipulated and are so found.
W. O. Pope and...
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