- 17 -
Because petitioners are not entitled to a bad debt deduction
for the year 1991, it follows, and we hold, that petitioners are
not entitled to the net operating loss carryover deduction here
in dispute.
To reflect the foregoing,
Decision will be
entered for respondent.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Last modified: May 25, 2011