OPINION. Hill, Judge: Petitioner first contends that he is entitled under section 23 (k) (1) of the code to a business bad debt deduction of $9,233.53 in 1944, that being the alleged adjusted basis in his hands of the unsecured promissory notes of Cole Motor totaling $12,311.38 which he acquired from the Exchange National Bank in 1942. His second content…
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