Memorandum Findings of Fact and Opinion
JOHNSON, Judge:
Respondent determined a deficiency in income tax for the calendar year 1949 in the amount of $166,638.52. The issue is whether a surviving partner paid certain funds to the estate of the deceased partner in liquidation of the partnership, or as a payment for the deceased partner's interest in the business.
Findings of Fact
Some of the facts were stipulated and are hereby incorporated...
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