Memorandum Findings of Fact and Opinion
ARUNDELL, Judge:
Respondent determined a deficiency in income tax for the calendar year 1956 in the amount of $9,062.35.
The only issue we need decide is whether the respondent erred in determining that petitioner realized a long-term capital gain of $31,556 as the result of the transfer in 1956 of 1,000 shares of stock in the First Atlantic National Bank of Daytona Beach, Florida. Two other issues were assigned...
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