Kittitas Ranch, Inc. v. Commissioner

Kittitas Ranch, Inc. v. Commissioner.

Kittitas Ranch, Inc. v. Commissioner

Docket No. 4439-65.

United States Tax Court

T.C. Memo 1967-141; 1967 Tax Ct. Memo LEXIS 121; 26 T.C.M. (CCH) 640; T.C.M. (RIA) 67141;

June 27, 1967

Adam Y. Bennion, 523 W. Sixth St., Los Angeles, Calif., for the petitioner. Morley H. White, for the respondent.

SCOTT

Memorandum Findings of Fact and Opinion

SCOTT, Judge: Respondent determined deficiencies in petitioner's income tax for the calendar years 1961 and 1962 in the amounts of $1,514 and $2,323, respectively. The issue for decision is whether the sheep in petitioner's…