PETERS v. COMMISSIONER

Docket No. 5751-73.

36 T.C.M. 552 (1977)

T.C. Memo. 1977-128

Robert E. Peters and Ruth E. Peters v. Commissioner.

United States Tax Court.

Filed May 2, 1977.


Attorney(s) appearing for the Case

John Campo, III, for the petitioners, Luhrs Tower, Phoenix, Ariz. Harry Beckhoff, for the respondent.


Memorandum Findings of Fact and Opinion

WILES, Judge:

Respondent determined a deficiency of $15,052.61 in petitioners' 1969 income tax. The sole issue is the valuation of five paintings which Robert E. Peters (hereinafter petitioner) donated to an art museum.

Findings of Fact

Some facts were stipulated and are found accordingly. Petitioner and his wife, Ruth, were residents of Scottsdale, Arizona, when they filed their 1969 income tax return...

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