Memorandum Opinion
FAY, Judge:
The respondent determined a deficiency of $52,859.98 in the petitioners' income tax for the year 1958. The only issue for decision is whether the redemption of some of its stock by a corporation in which Henry was a stockholder constituted a dividend to Henry.
All of the facts are stipulated and are found as stipulated.
The petitioner are husband and wife residing at 17-19 Central Street, St. Johnsbury, Vermont...
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