United States Tax Court January 26, 1955, Docket Nos. 44348, 44351, 44352, 44353, 44354, 44407, 44408, 44409, 44410, 44411 (Knapp v. Commissioner)

lead-opinion

OPINION.

Fishes, Judge:

All of the facts are stipulated and are incorporated herein by reference.

Petitioners Frederick M. Knapp, Gilson Knapp, F. E. Knapp, George Parker Knapp, and John A. Knapp are members of the partnership styled F. E. and J. A. Knapp, each being the owner of a 20 per cent interest in the partnership.