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WALKER v. COMMISSIONER

Docket Nos. 5136, 5137.

4 T.C.M. 947 (1945)

Lee W. Walker and Besse L. Walker v. Commissioner. J. M. Hall and Vesta R. Hall v. Commissioner.

United States Tax Court.

Entered October 11, 1945.

Attorney(s) appearing for the Case

Allin H. Pierce, Esq., 111 W. Monroe St., Chicago, Ill., and Whitney Campbell, Esq., 135 S. La Salle St., Chicago, Ill., for the petitioners. Richard L. Greene, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The Commissioner determined a deficiency in income tax of $9,553.20 against the Walkers for 1941 and a deficiency of $8,983.01 against the Halls for that year. The husband in each case realized a gain in the taxable year of $20,000. Each reported it as a long-term capital gain from the sale of a capital asset and included one-half thereof in income. The only issue is whether or not the Commissioner erred in treating the entire...

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