OBERG v. COMMISSIONER

Docket No. 15913.

8 T.C.M. 544 (1949)

Leslie S. Oberg v. Commissioner.

United States Tax Court.

Entered May 27, 1949.


Attorney(s) appearing for the Case

R. L. Palmer, Esq., and M. W. Houts, Esq., both of McKeown Bldg., Pipestone, Minn., for the petitioner. Thomas A. Steele, Jr, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

This proceeding involves a deficiency in Federal income tax for the taxable year 1944 in the amount of $204.29.

The sole issue herein is whether profit realized by the petitioner from the sale of certain hogs from his breeding stock is taxable as ordinary income or as capital gain under the provisions of section 117(j) of the Internal Revenue Code.

Findings of Fact

Leslie S. Oberg, hereinafter referred...

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