FORRESTER, Judge:
Respondent has determined deficiencies in petitioners' income taxes for the calendar year 1957 in the respective amounts set forth after their names:
Ralph C. Wilson, Sr., and Tenna K. Wilson ---------------- $69,539.28 Ralph C. Wilson, Jr., and Janet M. Wilson ---------------- 76,409.59
After certain concessions made by the parties, the following issues remain to be decided:
(1) Did the transfer of certain...
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