Memorandum Findings of Fact and Opinion
STERRETT, Judge:
Respondent, on March 14, 1977, issued a statutory notice to petitioner in which he determined a deficiency in petitioner's Federal income tax for his taxable year in the amount of $13,131.05 and an addition to tax in the amount of $656.55. The questions before the Court are (1) whether the $40,000 petitioner used to purchase treasury bills during 1973 represented taxable income which he received but...
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