The Commissioner determined deficiencies in petitioners' 1967 income tax as follows:
Docket No. Petitioners Amount 7663-70 ------------------- Aaron and Iris Kraut ----------- $254,437.12 7664-70 ------------------- Harry and Marian Kraut --------- 258,544.82
The cases were consolidated for trial. At issue is whether an agreement by which two of petitioners purported to...
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