TANNENWALD, Judge:
Respondent determined a deficiency in petitioners' 1960 Federal income tax in the amount of $702.52. The sole issue is the proper tax treatment of a distribution to petitioner from a corporate profit-sharing plan.
FINDINGS OF FACT
Some of the facts are stipulated and are found accordingly.
Petitioners reside at La Mirada, Calif. They filed a joint Federal income tax return for 1960 with the district director of internal...
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