GLICKMAN v. COMMISSIONER

Docket Nos. 55448, 55452, 55453.

16 T.C.M. 532 (1957)

T.C. Memo. 1957-124

Arthur Glickman v. Commissioner. Herman Glickman and Ruth F. Glickman v. Commissioner. Aaron Glickman and Freda Glickman v. Commissioner.

United States Tax Court.

Filed June 28, 1957.


Attorney(s) appearing for the Case

Milton Young, Esq., 595 Madison Avenue, New York, N. Y., and Robert Anthoine, Esq., for the petitioners. Martin D. Cohen, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

OPPER, Judge:

In these consolidated proceedings respondent determined the following deficiencies in income tax for 1950:

       Petitioner                 Deficiency

  Arthur Glickman ............    $10,343.14
  Herman and Ruth Glickman ...     22,969.08
  Aaron and Freda Glickman ...     10,602.54

The issues involved are whether gain realized by petitioners on (1) a distribution from...

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