The respondent determined a deficiency in income tax against the petitioner for the year 1940 in the amount of $6,637.17. The only issue presented is whether certain capital gain realized in 1940 was taxable to petitioner or to a trust of which he was a beneficiary.
FINDINGS OF FACT.
The greater part of the facts have been stipulated and such facts are found as stipulated.
The petitioner is now a resident of Philadelphia, Pennsylvania, but formerly...
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