Memorandum Findings of Fact and Opinion
FORRESTER, Judge:
Respondent has determined a deficiency in petitioners' income tax for the calendar year 1968 in the amount of $1,818.54. The sole remaining issue for our consideration is whether the gain derived from the sale of a multiple-unit apartment building during the year in issue is to be taxed as ordinary income or as long term capital gain. The petitioners have conceded a determined overstatement of rental...
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