The respondent determined a deficiency in income tax for the year 1948 in the amount of $3,604.86.
The sole question is whether $26,101.33, received by B. Howard Spicker in 1948, in connection with termination of his association with a partnership, represents ordinary income or income from the sale of a capital asset.
FINDINGS OF FACT.
The stipulation of facts filed by the parties is incorporated herein by reference.
Petitioners, husband...
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