OPINION.
FAY, Judge:
The Commissioner determined a deficiency in the petitioners' income tax for the taxable year 1957 in the amount of $911.62. Some of the issues have been conceded by the respondent. The only remaining issue is whether sums received as royalties under a license of certain patents are capital gains.
All of the facts are stipulated and are found as stipulated.
The petitioners are husband and wife. They filed their...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.