Memorandum Opinion
ARUNDELL, Judge:
Respondent determined deficiencies in income tax for the calendar years 1950 and 1951 in the amounts of $17,513.40 and $29,210.16, respectively.
The only issue is whether gains realized by Louis and Reva Alper in the taxable years 1950 and 1951 upon redemptions and sales of their stock in five building corporations, known as Greenfield Manors Nos. 1, 2, 3, 4, and 5, are taxable as ordinary income under the provisions...
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