This proceeding involves a deficiency of $339.02 in income tax for 1950. The issue is whether the distribution of $3,168.55 to the husband upon the discontinuance of an employees' pension trust, of which he was a member, is taxable as ordinary income or as long-term capital gain.
FINDINGS OF FACT.
The facts set forth in the stipulation of facts are so found.
The petitioners, residents of Lancaster, Pennsylvania, filed a joint return for the taxable...
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