SCHLEGEL v. COMMISSIONER

Docket No. 1073-64.

46 T.C. 706 (1966)

JACK E. SCHLEGEL AND NORAH SCHLEGEL, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 31, 1966.


Attorney(s) appearing for the Case

Richard L. Rykoff, for the petitioners.

Morley H. White, for the respondent.


TANNENWALD, Judge:

Respondent determined a deficiency in petitioners' 1960 Federal income tax in the amount of $702.52. The sole issue is the proper tax treatment of a distribution to petitioner from a corporate profit-sharing plan.

FINDINGS OF FACT

Some of the facts are stipulated and are found accordingly.

Petitioners reside at La Mirada, Calif. They filed a joint Federal income tax return for 1960 with the district director of internal...

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