The Commissioner has determined deficiencies in income taxes in the amounts of $31,953.57 and $9,812.61 for the taxable years 1947 and 1948, respectively. The deficiencies are due to numerous adjustments to net income, some of which are not in issue. The items in question are:
(1) The petitioner realized income from the sale of certain single-unit dwellings, as follows:
(a) Income realized in 1947: 1. Completed sales in 1947 ----------------------...
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