Memorandum Findings of Fact and Opinion
HARRON, Judge:
The respondent determined a deficiency in income tax for the taxable year 1950 in the amount of $14,093.29. The only issue is whether the sum of $31,975, received by the petitioner in 1950 from the Brooklyn Savings Bank upon the execution of an FHA insured mortgage note, is includible in its entirety in petitioner's income for 1950, or may be amortized...
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