T.C. Memo. 1996-127
UNITED STATES TAX COURT
RICHARD L. HUTCHESON AND DOLORES A. HUTCHESON, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 8886-94. Filed March 14, 1996.
Robert E. Bergin, for petitioners.
Ewan D. Purkiss, for respondent.
MEMORANDUM OPINION
RAUM, Judge: The Commissioner determined a deficiency in
petitioners' 1989 income tax in the amount of $809,180. The
issues for decision are: (1) Whether petitioners must recognize
the entire gain from the sale of 100,000 shares of WalMart stock
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