Memorandum Findings of Fact and Opinion
SCOTT, Judge:
Respondent determined a deficiency in petitioners' income tax for the calendar year 1970 in the amount of $6,598.93.
The only issue for decision is the amount petitioners are entitled to deduct as a charitable contribution to the First Baptist Church of Wichita Falls, Texas because of a gift to that church on December 18, 1970, of 4,000 shares of stock of Mercantile Credit Corporation. The amount...
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