United States Tax Court.
Memorandum Findings of Fact and Opinion
KÖRNER, Judge:
Respondent determined an $11,805.38 deficiency in petitioners' 1974 income tax. The sole issue for decision is whether petitioners realized ordinary income or capital gain on receipt of five percent of the profits from the sale of certain real property.
Findings of Fact
Some of the facts have been stipulated and are found accordingly. The stipulations...
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