BRUCE, Judge:
The respondent determined a deficiency in income tax of $29,501.10 for the calendar year 1957. The sole issue for decision is whether part of a distribution made in 1957 to David T. Grubbs is taxable as ordinary income rather than capital gain. Some facts are stipulated.
FINDINGS OF FACT.
The stipulation of facts and exhibits filed therewith are incorporated by this reference.
The petitioners, husband and wife, resided...
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