MEMORANDUM FINDINGS OF FACT AND OPINION
COLVIN, Judge:
Respondent determined deficiencies in petitioners' Federal income tax of $13,398 for 1995 and $10,687 for 1996.
Petitioners began to breed horses in 1993 and began to board horses in 1995. The sole issue for decision is whether petitioners operated their horse breeding and boarding activity (horse activity) for profit under section 183 in 1995 and 1996. We hold that they did.
Section...
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