HOLLAND v. COMMISSIONER

Docket No. 86480.

22 T.C.M. 504 (1963)

T.C. Memo. 1963-108

Carl B. Holland and Malveen G. Holland v. Commissioner.

United States Tax Court.

Filed April 16, 1963.


Attorney(s) appearing for the Case

Carl B. Holland, pro se, Hudson Dr., Greenville, S. C. Winfield A. Gartner, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

ARUNDELL, Judge:

Respondent determined deficiencies in income tax for the calendar years 1955 and 1956 in the amounts of $6,870.67 and $5,896.90, respectively.

The sole issue remaining is whether petitioners should include in income that portion of the sales prices of certain houses sold in the years 1955 and 1956 that was required to be placed in a savings account with the financing institutions and assigned...

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