SCOTT, Judge:
Respondent determined deficiencies in petitioners' Federal income taxes of $92,555.15 and $11,462.60 for the taxable years ending December 31, 1966 and 1967, respectively. Some of the issues have been disposed of by the parties, leaving for decision whether petitioner's multiple real estate corporations were shams for tax purposes so that $213,994.53 received upon the purported "liquidation" of four of the five corporations is a distribution to...
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