Memorandum Findings of Fact and Opinion
ATKINS, Judge:
The respondent determined a deficiency in income tax in the amount of $28,946.14 for the taxable year 1955.
The issue is whether the amount of $60,899.00 received by petitioner upon the transfer of a demand promissory note constituted ordinary income or long-term capital gain.
One other issue raised by the pleadings has been settled by stipulation and adjustment will be made under Rule...
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.
