WILLIAMS, Judge.
The issue presented in this case is whether dividends in the respective amounts of $28,640 and $29,688 for the years 1924 and 1925, voted on shares of preferred stock in the Baker Ice Machine Company, Inc., owned by plaintiff, are properly includible in his gross income for those years.
The preferred stock of Baker Ice Machine Company, Inc., provided for an 8 per cent. annual dividend, to be paid at the rate of 4 per cent. semiannually, and...
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