OPINION
DAWSON, Chief Judge:
Respondent determined a deficiency of $2,270 in petitioner's Federal income tax for the year 1971. The issues presented for our decision are (1) whether the petitioner, a real estate salesman, may exclude from his gross income commissions received from transactions in which he purchased property for his own account, and (2) whether the petitioner, who later reacquired property from a third person to whom he originally...
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