VITALE v. COMMISSIONER

Docket No. 10611-75.

72 T.C. 386 (1979)

ALBERTO VITALE, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed May 29, 1979.


Attorney(s) appearing for the Case

James B. Lewis, for the petitioner.

William G. Cavanagh and Ronald E. Friedman, for the respondent.


QUEALY, Judge:

The respondent determined a deficiency in the Federal income tax of the petitioner for the calendar year 1966, in the amount of $369,916.79.

As a result of an agreement by the parties, the only issue for decision is whether certain capital gains realized by the petitioner during the year 1966 are subject to United States income tax pursuant to section 871(c) and section 875.1 The issue was first submitted...

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