OPINION.
OPPER, Judge:
A deficiency in gift tax for 1949 of $5,625 is here in issue. The question is whether the subject matter of ten gifts made in that year consisted of future interests so as to preclude the $3,000 exclusions.
All of the facts have been stipulated and they are hereby found. Petitioner's gift tax return for 1949 was filed with the collector of internal revenue for the district of Louisiana.
On October 2, 1949, petitioner...
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