Memorandum Findings of Fact and Opinion
DAWSON, Judge:
Respondent determined a deficiency of $14,640.82 in petitioners' Federal income tax for the year 1965.
The only issue presented for decision is whether the amount of $58,535.37 deducted as expenses by a partnership, in which petitioner Richard D. Walker had a 50 percent interest, constituted ordinary and necessary business expenses of the partnership under section 162(a), Internal Revenue Code...
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