Memorandum Findings of Fact and Opinion
TIETJENS, Judge:
Respondent determined a deficiency of $247.50 in gift tax for 1948. The only question is whether a gift of a bank deposit in trust for a minor child was a gift of a present interest so that the $3,000 exclusion applies.
Findings of Fact
The stipulated facts are so found.
The petitioner filed a gift tax return for 1948 with the collector of internal revenue for the first district...
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