OPINION.
MELLOTT, Judge:
Petitioner seeks to set aside a deficiency in income tax for the year 1940 in the amount of $10,200.68 and to recover an overpayment of $2,938.57.
The sole question is the basis of 2,055 shares of the common stock of the Standard Oil Co. of California, sold by him during that year. The facts, which are found to be as stipulated, may be summarized.
Petitioner, a resident of Vermont, filed his income tax return...
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