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WYMAN v. COMMISSIONER

Docket No. 69874.

33 T.C. 622 (1959)

MAX H. WYMAN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed December 31, 1959.

Attorney(s) appearing for the Case

Bryant R. Dunn, Esq., James Wm. Johnston, Esq., Ben J. Gantt, Jr., Esq., and Charles S. Mullen, Esq., for the petitioner.

James D. Webb III, Esq., for the respondent.

DRENNEN, Judge:

Respondent determined a deficiency in petitioner's income tax for the year 1951 in the amount of $10,638.32. The only issue is whether petitioner held such an interest in 5,000 shares of stock of Klamath Basin Pine Mills Corporation for more than 6 months prior to liquidation of that corporation so as to entitle him to long-term capital gains treatment on the gain he realized on the liquidation of those shares.

FINDINGS OF FACT.

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