SIMPSON, Judge:
The respondent determined a deficiency of $11,907.56 in the petitioner's 1963 Federal income tax. The issue for decision is whether the petitioner realized a gain, which is taxable as ordinary income, as a result of the termination of a contract by which he was to sell certain stock.
FINDINGS OF FACT
Some of the facts have been stipulated, and those facts are so found.
The petitioners, Meyer Mittleman and Paula Mittleman...
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