HULEN, District Judge.
The question for ruling is whether yearly payments received by plaintiffs between 1932 and 1942, totaling $25,227.94, from a corporation, organized to hold real estate for the stockholders, were liquidating dividends to be applied in adjusting cost basis of securities issued by the corporation on a final or partial liquidation of the paying corporation, or income which plaintiffs should have reported as such for the years received. Two cases...
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