HOMANN v. COMMISSIONER

Docket Nos. 37318, 37319.

13 T.C.M. 1145 (1954)

T. C. Memo. 1954-227

A. G. Homann v. Commissioner. Anna Homann v. Commissioner.

United States Tax Court.

Filed December 20, 1954.


Attorney(s) appearing for the Case

Harry Ellsworth Foster, Esq., for the petitioners. Francis J. Butler, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

OPPER, Judge:

Respondent determined deficiencies in the income taxes of petitioners A. G. Homann and Anna Homann in the amounts of $10,148.95 and $10,457.70, respectively, for the taxable year 1946. The questions to be decided are (1) whether gain realized from the sale of certain houses during the year in controversy should be treated as capital gain rather than ordinary income; (2) if those houses were property used...

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