JOHNSON v. COMMISSIONER

Docket No. 3422-62.

43 T.C. 736 (1965)

HARVEY J. JOHNSON AND HELENE C. JOHNSON, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed March 9, 1965.


Attorney(s) appearing for the Case

John H. Bustamante, for the petitioners.

John P. Graham, for the respondent.


DAWSON, Judge:

Respondent determined a deficiency in the income taxes of petitioners for the calendar year 1957 in the amount of $19,122.32.

The only issue presented is whether the petitioner, Helene C. Johnson, reinvested the proceeds she received from farm property, which was taken by the Cleveland & Pittsburgh Railroad Co. pursuant to condemnation proceedings, in other property "similar or related in service or use" to the converted property...

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