United States Tax Court June 21, 1960, Docket No. 78343 (Meyer v. Commissioner)

Harold K. and Verda Meyer, Petitioners, v. Commissioner of Internal Revenue, Respondent Meyer v. Commissioner Docket No. 78343 United States Tax Court 34 T.C. 528; 1960 U.S. Tax Ct. LEXIS 125; June 21, 1960, Filed *125 Decision will be entered for the respondent. 1. In 1954, petitioners, for family convenience, purchased residential property in a new subdivision in Spokane called Chester Hills.