FAY, Judge:
Respondent has determined deficiencies in the Federal income taxes of petitioner in the amounts of $47,224.77 and $311,871.79 for fiscal years ended February 29, 1968, and February 28, 1969, respectively.
The issues to be decided are:
(1) Whether the gain recognized by the petitioner on sales of real estate other than single-family dwelling sites was capital gain or ordinary income;
(2) Whether the additions which petitioner...
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