The Commissioner determined a deficiency in income tax for the year 1950 in the amount of $100,293.47. During the taxable year, which was after the death of the grantor of the trust, the petitioner trust sold some of the assets of the trust, 4,586.85728 shares of stock of Wenonah Development Co. The Commissioner determined that the basis of the stock was $260,159.22, pursuant to section 113 (a) (2), 1939 Code, and that therefore long-term capital gain was understated in the...
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