Barry v. Commissioner

Arthur R. Barry and Elizabeth M. Barry v. commissioner.

Barry v. Commissioner

Docket No. 2157-69.

United States Tax Court

T.C. Memo 1971-179; 1971 Tax Ct. Memo LEXIS 156; 30 T.C.M. (CCH) 757; T.C.M. (RIA) 71179;

July 26, 1971, Filed.

Thomas P. Brightwell, University of Denver, Denver, Colo., for the petitioners. John D. Moats, for the respondent.

FAY

Memorandum Findings of Fact and Opinion

FAY, Judge: Respondent determined a deficiency in the income tax liability of petitioners for the taxable year 1966 in the amount of $1,045.04. The issue is whether gain from the sale of petitioners' house is…