Memorandum Findings of Fact and Opinion
Respondent determined a deficiency of $1,061.52 in petitioners' income tax liability for the year 1950 consequent on his holding that petitioners erroneously computed the tax on the profit earned on the sale of certain building lots as capital gain rather than as ordinary gain.
Findings of Fact
Petitioners are husband and wife who lived in Dayton, Ohio, and...
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