United States Tax Court January 25, 1952, Docket Nos. 29355, 29356, 29357, 29358, 29359, 29360. (Kenworthy v. Commissioner)

N. Paul Kenworthy and Dorothy F. Kenworthy * v. Commissioner. Kenworthy v. Commissioner Docket Nos. 29355, 29356, 29357, 29358, 29359, 29360. United States Tax Court 1952 Tax Ct. Memo LEXIS 344; 11 T.C.M. (CCH) 60; T.C.M. (RIA) 52013; January 25, 1952 *344 Three partners purchased the entire interest of a fourth partner in a well-established business for $70,000.