TRAIN, Judge:
Respondent determined a deficiency of $6,992.20 in petitioners' income tax for 1957.
The only issue presented in this case is whether the gain received by petitioner V. Zay Smith on liquidation of his interest in a partnership is to be taxable as a capital gain or as ordinary income.
FINDINGS OF FACT.
Some of the facts have been stipulated and are found as stipulated.
Petitioners, V. Zay Smith and Ida Mae Smith...
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