MEMORANDUM FINDINGS OF FACT AND OPINION
HOLMES, Judge:
In December 1997, Raymond Murphy sent a check to Philip Hunt for $225,000. Murphy says the check was for interest that he owed Hunt on two living horses; the Commissioner says the check was a repayment of principal on a dead one. If Murphy is right, the entire amount is deductible; if he isn't, none is.
FINDINGS OF FACT
Raymond Murphy has been a veterinarian specializing in horses for...
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