Memorandum Opinion
TANNENWALD, Judge:
Respondent determined deficiencies in petitioners' Federal income taxes in the amounts of $483.00 for the taxable year 1976 and $671.00 for the taxable year 1977. The sole issue is whether petitioners are taxable on interest and dividend income.
All of the facts have been stipulated and are found accordingly.
Petitioners are husband and wife and resided in San Marino, California, at the time the petitions...
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