Memorandum Findings of Fact and Opinion
WITHEY, Judge:
Respondent determined a deficiency in the income tax of petitioners for the taxable years 1961 and 1962 in the amounts of $1,114.45 and $39,110.69, respectively.
The issues presented for our consideration are:
(1) Whether the petitioners realized long-term capital gain of $274,613.21 on the sale of the Stable Property land in the taxable year 1962, instead of the net gain of $227,164...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.