SIMMONS v. COMMISSIONER

Docket No. 32632.

11 T.C.M. 656 (1952)

Dora M. Simmons v. Commissioner.

United States Tax Court.

Entered June 24, 1952


Attorney(s) appearing for the Case

James J. Waters, Esq., 712 Commerce Bldg., Kansas City, Mo., for the petitioner. David Karsted, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

The respondent has determined a deficiency in income tax for 1947 in the amount of $6,830.71. The deficiency results from the respondent's determination that the petitioner realized capital gain upon the sale of capital assets in 1947 in a greater amount than she computed and reported in her return for 1947. The parties disagree about the adjusted basis of property which was sold in 1947.

The...

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