DRENNEN, Judge:
Respondent determined a deficiency in petitioners' income tax for the calendar year 1958 in the amount of $25,475.16.
The only issue is whether petitioner Anne Lee Lester (who will hereafter be referred to as petitioner) realized taxable income in the amount of $50,000 by reason of her receipt in 1958 of 500 shares of stock of Automotive Warehouse Co., Inc. (hereafter called Warehouse), in a reorganization of General Auto Supply Co....
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