Memorandum Findings of Fact and Opinion
Respondent determined a deficiency in the income tax of petitioners in the amount of $141.96 for the year 1956.
The sole issue is whether gains from sales of real estate reported by petitioners on their 1956 income tax return using the installment method are taxable as ordinary income or as capital gain.
Findings of Fact
Some of the facts have been stipulated, and, as stipulated, they are incorporated...
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