Respondent determined a deficiency of $512.45 in petitioner's income tax liability for the calendar year 1940. The only question in this proceeding for a redetermination is whether a trust agreement entered into on December 22, 1939, between Louise R. Kohtz, as settlor, and Harris Trust & Savings Bank, as trustee, created a single trust or three separate trusts.
Most of the facts have been stipulated by the parties, and we incorporate the stipulation herein by...
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