The respondent determined a gift tax deficiency against the petitioner for the year 1948 in the amount of $5,268.32. The sole issue in this proceeding is whether the petitioner made taxable gifts by renouncing his right to inherit or take any property under his wife's will or receive any property from her estate under the laws of succession of California.
FINDINGS OF FACT.
The facts are stipulated.
The petitioner, William L. Maxwell, was the husband...
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