United States Tax Court November 29, 1971, Docket No. 4446-69. (Sims v. Commissioner)

Frank K. Sims, Jr. v. Commissioner. Sims v. Commissioner Docket No. 4446-69. United States Tax Court T.C. Memo 1971-303; 1971 Tax Ct. Memo LEXIS 33; 30 T.C.M. (CCH) 1295; T.C.M. (RIA) 71303; November 29, 1971, Filed. *33 Business v. nonbusiness bad debt: Loan v. participation in joint venture: Fact finding. - Johns asked Browning and Cohen to obtain a loan for him of $35,000.