United States Tax Court August 2, 1994, Docket No. 10275-92 (Murphy v. Commissioner)

William H. Murphy, Petitioner v. Commissioner of Internal Revenue, Respondent Murphy v. Commissioner Docket No. 10275-92 United States Tax Court 103 T.C. 111; 1994 U.S. Tax Ct. LEXIS 56; 103 T.C. No. 8; August 2, 1994, Filed *56 Decision will be entered under Rule 155. T and his wife realized a gain on the sale of their jointly owned residence in December 1988.