Memorandum Findings of Fact and Opinion
SCOTT, Judge:
Respondent determined deficiencies in petitioners' income tax for the years 1951 and 1952 in the amounts of $5,167.94 and $21,216.90, respectively. Certain issues have been conceded by each of the parties, leaving for our decision the following:
1. Whether a partnership in which petitioners were partners in 1951 and 1952 properly deducted as ordinary and necessary business expenses amounts claimed...
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