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involving Jordan’s Tan. That being so, the breeding fees
deducted on the Schedule F must, instead, be capitalized. See
Duggar v. Commissioner, supra.
Petitioners are entitled to the deductions claimed on the
Schedule F that have not been specifically addressed in the
discussion portion of this opinion.
To reflect the foregoing,
Decision will be
entered under Rule 155.
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Last modified: May 25, 2011