Memorandum Findings of Fact and Opinion
FAY, Judge:
Respondent determined a deficiency of $1,318.61 in petitioners' income tax for taxable year 1966. The only issue to be decided is whether readjustment payments received on involuntary separation from active military service are to be taxed as ordinary income or long-term capital gain.
Findings of Fact
Some of the facts have been stipulated and are, together with the exhibits attached thereto...
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