Memorandum Opinion
SMITH, Judge:
This is a proceeding for the redetermination of a deficiency in income tax for the calendar year 1939 of $1,346.94. The only question in issue is whether the amount of $5,000 paid by the petitioner to his father and deducted in his income tax return for 1939 is income from trust property which was not taxable to the petitioner.
The facts have all been stipulated.
Findings of Fact
Edgar W. Leonard...
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