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McARDLE v. COMMISSIONER

Docket Nos. 14819, 14820.

11 T.C. 961 (1948)

MARION H. McARDLE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. T. E. McARDLE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated November 30, 1948.

Attorney(s) appearing for the Case

Wesley E. Seale, Esq., for the petitioners.

W. W. Kerr, Esq., and James R. Backstrom, Esq., for the respondent.

The Commissioner determined a deficiency in income tax for 1943 of $110.21 against each of the petitioners. The only question is whether the community realized a profit of $25,381.14 in 1942.

FINDINGS OF FACT.

The petitioners are husband and wife. They reside in Texas. Their returns for 1942 and 1943 were filed on a cash basis with the collector of internal revenue for the first district of Texas.

T. E. McArdle, hereinafter referred to as the petitioner...

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