WOOD v. COMMISSIONER

Docket Nos. 27072, 27073.

10 T.C.M. 1004 (1951)

Willis D. Wood v. Commissioner. Anna Matheson Wood v. Commissioner.

United States Tax Court.

Entered October 26, 1951.


Attorney(s) appearing for the Case

Henry Ravenel, Esq., for the petitioners. Robert M. Willan, Esq., for the respondent.


Memorandum Opinion

TURNER, Judge:

The respondent determined deficiencies in income tax of $3,674.81 and $10,660.08 against Willis D. Wood for the years 1946 and 1947, and a deficiency in income tax of $3,629.90 against Anna Matheson Wood for the year 1947. The only question for determination is whether the petitioners in 1947 received a payment of interest on Denver & Rio Grande Western Railroad bonds, recognizable and taxable to them for that year....

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