SOTER v. COMMISSIONER

Docket No. 4016-65.

27 T.C.M. 194 (1968)

T.C. Memo. 1968-43

Sam F. Soter and Eva S. Soter v. Commissioner.

United States Tax Court.

Filed March 14, 1968.


Attorney(s) appearing for the Case

Joseph Jay Bullock, 920 Continental Bank Bldg., Salt Lake City, Utah, for the petitioners. James E. Merritt, for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

The respondent determined deficiencies in income tax for 1960 and 1962 in the amounts of $14,697.76 and $12,863.56. The parties have disposed of one issue for 1960, to be given effect under Rule 50. The questions are: (1) Whether in 1960, Sam Soter reacquired from a partner part of the latter's interest in the partnership and if so, whether he realized any ordinary income in 1960, and if so, the amount...

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