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SWENSON v. COMMISSIONER

Docket No. 4443-69.

30 T.C.M. 357 (1971)

T.C. Memo. 1971-88

Kenneth R. Swenson and Leora P. Swenson v. Commissioner.

United States Tax Court.

Filed April 28, 1971.

Attorney(s) appearing for the Case

Rodney H. Busey, Century Plaza Bldg., Wichita, Kan., for the petitioners. Bruce A. McArdle, for the respondent.

Memorandum Findings of Fact and Opinion

TIETJENS, Judge:

The Commissioner determined a deficiency in petitioners' Federal income tax for calendar year 1966 in the amount of $3,948.64. The issue for our decision is whether petitioner Kenneth R. Swenson realized ordinary income or longterm capital gain with respect to amounts received from the transfer of his interest in a stock option.

Findings of Fact...

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