MULRONEY, Judge:
The respondent determined a deficiency of $13,509.50 in petitioners' income tax for the calendar year 1950. All of the facts are stipulated and the questions presented have to do with income tax consequences resulting from transactions involving oil- and gas-producing properties under the unitization statutes of Louisiana.
FINDINGS OF FACT.
Petitioners are married and they live in Shreveport, Louisiana, and they filed their...
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