SIMPSON, Judge:
The Commissioner determined deficiencies in the petitioners' Federal income taxes of $21,661.84 for 1971 and $6,237.09 for 1972. After concessions by the petitioners, the sole issue for decision is whether the petitioners are entitled to either a business loss or a bad debt deduction in 1972 with respect to Mr. Proesel's interest in a motion picture production service partnership.
FINDINGS OF FACT
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