Memorandum Findings of Fact and Opinion
MULRONEY, Judge:
The respondent determined deficiencies in petitioners' income tax for 1958 and 1959 in the respective amounts of $640.11 and $350.18. By amendment to the answer and reply thereto, respondent claimed and petitioners admitted an additional deficiency in the amount of $126.46 for 1958 arising from unreported sale of stock.
The issue in the case is whether a distribution in redemption of 108 shares...
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