OPINION.
ARNOLD, Judge.
This proceeding involves a gift tax deficiency of $750 for 1938. The issue is whether petitioner is entitled to a $5,000 exclusion under section 504 of the Revenue Act of 1932. We adopt as our findings of fact the facts admitted in the pleadings and stipulated by the parties.
Petitioner's return for the period here involved was filed with the collector for the sixth district of California.
On September 20, 1938...
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