Hall v. Commissioner

Kenneth W. Hall and L. Deane Hall v. Commissioner.

Hall v. Commissioner

Docket No. 382-67.

United States Tax Court

T.C. Memo 1968-175; 1968 Tax Ct. Memo LEXIS 125; 27 T.C.M. (CCH) 860; T.C.M. (RIA) 68175;

August 8, 1968. Filed

Edward A. Rauscher, 1313 Washington Bldg., Seattle, Wash., for the petitioners. Lee A. Kamp, for respondent.

FAY

Memorandum Findings of Fact and Opinion

FAY, Judge: Respondent determined deficiencies of $3,499.41 and $4,360.95 in petitioners' income tax for the taxable years 1963 and 1964, respectively.

The issue for decision is whether gain which petitioners realized from the…