Memorandum Findings of Fact and Opinion
BRUCE, Judge:
The respondent determined a deficiency in the Federal income tax of petitioner for the year 1970 in the amount of $393.21. The sole issue for decision is whether certain sums of money advanced by petitioner to Hillis R. Craig during 1970 became worthless bad debts and, therefore, deductible in 1970 from petitioner's gross income under section 166 of the Internal Revenue Code of 1954.
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