Respondent determined a deficiency of $16,092 in petitioners' Federal income tax for the taxable year 1954.
The sole question is whether any part of the purchase price received by petitioners as a result of the involuntary conversion of their property taken under threat of condemnation was consideration for anticipated loss of business and is thus includible in petitioners' gross income.
FINDINGS OF FACT.
Some of the facts are stipulated and are...
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