BARKER, District Judge.
In his computation of the taxpayer's income for 1925 the Commissioner included proceeds of a "Plaza Park lot" conveyed by the taxpayer in 1925. The taxpayer testified that this lot was purchased along with other property by him and two associates, title being vested in him for convenience. His testimony indicates they paid $10,000 for the several parcels of land and previous to the sale of this lot, had sold other parcels for $18,500. More...
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