OPINION.
RAUM, Judge:
Respondent has determined a deficiency in the Federal income tax of the petitioners for the taxable year 1950 in the amount of $13,340.28. The sole remaining issue is whether respondent erred in refusing to permit petitioners to elect to report on the installment basis the gain from a sale of real property in 1950.
The facts have all been stipulated, and the stipulation is incorporated herein as our findings.
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
