CURTIS v. COMMISSIONER

Docket No. 92485.

25 T.C.M. 206 (1966)

T.C. Memo. 1966-33

J. Harvey Curtis, Jr., and Betty J. Curtis v. Commissioner.

United States Tax Court.

Filed February 23, 1966.


Attorney(s) appearing for the Case

George M. Burgh, for the petitioners. Lawrence A. Wright, for the respondent.


Memorandum Findings of Fact and Opinion

BRUCE, Judge:

Respondent determined a deficiency in income tax for the calendar year 1957 in the amount of $8,978.08. The sole issues for decision are whether petitioner J. Harvey Curtis, Jr., received capital gains or ordinary income in that year under an agreement and release entered into with certain other parties, and how much was received.

Some facts are stipulated...

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