Memorandum Findings of Fact and Opinion
DRENNEN, Judge:
Respondent determined a deficiency in petitioners' income tax for the calendar year 1960 in the amount of $553.63.
The issues for decision are whether petitioners are entitled to deductions for (1) a loss on worthless securities and (2) business automobile expenses. Petitioners conceded at the trial that they were not entitled to a deduction for premiums paid for hospital insurance.
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