Respondent determined a deficiency in petitioners' income tax liability for the year 1937 in the amount of $11,845.22. There are two questions in issue, (1) whether part of payments received by George H. Thornley in the year 1937 from insurance companies should be included in gross income under section 22 (b) (2) of the Revenue Act of 1936; and (2) whether certain stock which was sold in 1937 was held more than ten years under section 117 of the Revenue Act of 1936.
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