United States Tax Court June 10, 1980, Docket No. 1721-78 (Barker v. Commissioner)

lead-opinion

Nims, Judge:

Respondent determined a deficiency in taxes of $160 for the year 1973 and $4,824 for the year 1974. After concessions by the parties, there are two issues remaining for our decision:

(1) Should petitioner have recognized gain in 1974 on a transaction in which she disposed of her Demion property and acquired the Casa El Camino property?