PARMER v. COMMISSIONER

Docket No. 5020-70.

30 T.C.M. 1372 (1971)

T.C. Memo. 1971-320

Ben F. Parmer and Mildred Helen Parmer v. Commissioner.

United States Tax Court.

Filed December 21, 1971.


Attorney(s) appearing for the Case

Thornton H. Thomas, Jr., Thomas & Thomas, P. O. Box 128, Burlington, Colo., and Richard D. Thomas, for the petitioners. Marvin T. Scott, for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined deficiencies in petitioners' income tax for the taxable years 1966, 1967, and 1968 in the respective amounts of $3,186.36, $2,109.25, and $7,735.44.

One issue having been conceded by respondent, there remain for decision the following issues:

(1) Whether certain property sold by one of petitioners during the years here in issue was held primarily for sale to customers...

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