Memorandum Findings of Fact and Opinion
JOHNSON, Judge:
Respondent determined a deficiency in income tax for the calendar year 1946 in the amount of $91,253.08. The question presented is whether the petitioner received additional compensation when he exercised an option to purchase stock from a former employer.
In addition to an allegation of error concerning the stock option question, the petition also alleges error for an adjustment of "nontaxable...
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