United States Tax Court June 10, 1980, Docket No. 9750-79 (Powell v. Commissioner)

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OPINION

Tietjens, Judge:

Respondent determined a deficiency of $1,179.07 in petitioners’ Federal income tax for 1975. The only issue for our determination is whether petitioners are entitled, under section 44,1 to a credit for the purchase of a new principal residence.

This case was fully stipulated pursuant to Rule 122, Tax Court Rules of Practice and Procedure.