REGISTER, Chief Judge.
This action is brought by plaintiff taxpayers for a refund of $6,677.46 in income taxes paid for the years 1955 and 1956. Plaintiffs are husband and wife.
There is little, if any, dispute as to the basic facts. The pertinent facts, which have been stipulated into the record, are as follows: Plaintiffs purchased 239 acres of land in June, 1947, for which they paid $54,000. Said land, at the time of purchase, was located south of and adjacent...
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