RAUM, Judge:
The Commissioner determined a deficiency of $62,256.60 in petitioners' 1971 income tax. At issue are first, whether petitioners realized ordinary income or capital gain from the sale of a yearling colt, and second, the proper cost basis of the colt.
FINDINGS OF FACT
The parties have filed a stipulation of facts and a supplemental stipulation of facts, both of which, together with the exhibits attached thereto, are incorporated...
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