MEMORANDUM FINDINGS OF FACT AND OPINION
LARO, Judge:
Petitioner petitioned the Court to redetermine respondent's determination of deficiencies of $12,630 and $11,606 in its 1993 and 1994 Federal income taxes, respectively. We must decide whether petitioner may deduct the rent that it paid to a shareholder in 1993 and 1994. We hold it may. We must also decide whether petitioner may deduct the net operating loss (NOL) claimed on its 1993 tax return. We hold...
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