United States Tax Court November 16, 1962, Docket No. 89580 (Jones v. Commissioner)

Bolling Jones, Jr., and Dorothy H. Jones, Petitioners, v. Commissioner of Internal Revenue, Respondent Jones v. Commissioner Docket No. 89580 United States Tax Court 39 T.C. 404; 1962 U.S. Tax Ct. LEXIS 25; November 16, 1962, Filed *25 Decision will be entered for the respondent. Petitioner owned an endowment insurance policy on his life in the amount of $ 10,000.