Memorandum Opinion
WITHEY, Judge:
A deficiency in the income tax of petitioners for the taxable year 1959 has been determined by the Commissioner in the amount of $1,008.20. The sole issue to be decided is whether gain realized by petitioners on the sale of a house and lot in 1959 is or is not excludable from their taxable gross income for that year.
All of the facts herein have been stipulated and are so found.
The petitioners, residents...
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