Warner R. Waddell and Jeanette I. Waddell v. Commissioner of Internal Revenue

U.S. Court of Appeals, Ninth Circuit · Decided 1988-02-26

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PER CURIAM: Warner and Jeanette Waddell appeal from the United States Tax Court’s rede-termination of an income tax deficiency. We consider whether the tax court properly characterized various aspects of the Wad-dells’ investment in computerized electrocardiogram (ECG) terminals. Facts In 1980, the Waddells went into the business…

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