KEEFER v. COMMISSIONER

Docket No. 4099-72.

63 T.C. 596 (1975)

RAY F. AND BETTY B. KEEFER, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed March 11, 1975.


Attorney(s) appearing for the Case

Alexander F. Eagle, for the petitioners.

David L. Gibson and Nicholas G. Stucky, for the respondent.


IRWIN, Judge:

Respondent determined deficiencies in petitioners' income tax as follows:

  Year                                        Deficiency

  1968 ----------------------------------      $6,699
  1969 ----------------------------------       8,436

Concessions having been made by both parties,1 the sole issue remaining for our determination is whether section 1.165-7(b)(2)(i), Income...

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