FEATHERSTON, Judge:
Respondent determined deficiencies in petitioners' estate tax in docket No. 147-67 in the amount of $1,055,558.70 and in petitioners' gift tax in docket No. 1178-68 in the amount of $66,565.92, plus an addition to the gift tax of $16,641.48 under section 3612(d)(1) of the Internal Revenue Code of 1939.
Certain issues have been settled, and the addition to the gift tax has been conceded by respondent. The only issue remaining in the...
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