LETTMANN v. COMMISSIONER

Docket No. 6176-79.

44 T.C.M. 1050 (1982)

T.C. Memo. 1982-511

Oliver H. Lettmann and Ethel V. Lettmann v. Commissioner.

United States Tax Court.

Filed September 9, 1982.


Attorney(s) appearing for the Case

Townes L. Dawson, 4328 Underwood St., Hyattsville, Md., for the petitioners. Daniel J. Wiles, for the respondent.


Memorandum Findings of Fact and Opinion

WILES, Judge:

Respondent determined the following deficiencies in petitioners' Federal income tax:

      Year                Deficiency

      1974 ............... $4,409.84
      1975 ...............  4,517.66
      1976 ...............  4,203.23
      1977 ...............  5,531.04

After concessions, the sole issue for decision is whether the redemption by O.H. Lettmann Contractors, Inc...

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