Memorandum Findings of Fact and Opinion
HARRON, Judge:
Respondent determined a deficiency of $12,559.91 in income tax for the year 1941. Certain adjustments are not contested. The question to be decided is the amount of the capital gain which petitioner, the sole stockholder of Juneau Water Company, realized in 1941 when the Company was liquidated and dissolved. The parties are agreed that the fair market value in 1941 of the assets which were distributed...
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