Memorandum Findings of Fact and Opinion
TURNER, Judge:
Respondent determined deficiencies in income tax against petitioners for the year 1945 in the amount of $2,655.51. The only question presented is whether the income realized by petitioners in 1945 from the sale of certain real properties is taxable as ordinary income, or as capital gain.
Findings of Fact
Some of the facts have been stipulated and are found as stipulated.
Petitioners...
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