Respondent determined deficiencies in petitioners' income tax for the taxable years ended December 31, 1959, and December 31, 1960, in the amounts of $30,000.63 and $2,215.80, respectively. The parties have agreed to certain adjustments with respect to the deficiencies.
The only issue remaining for determination is whether petitioners are entitled to have their gains from sales of real estate in 1959 computed upon the installment basis, notwithstanding that they reported...
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