Memorandum Findings of Fact and Opinion
STERRETT, Judge:
Respondent determined a deficiency in petitioners' federal income tax for the calendar year 1970 in the amount of $62,308.90.
Due to concessions, the sole remaining issue is whether petitioners' stock in Food Baron Corporation became worthless within the meaning of section 165(g)(1), I.R.C., 1954 during the taxable year at issue.
Findings of Fact
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