The respondent has determined a deficiency in income tax for 1945 in the amount of $128,324.67. Respondent disallowed a loss deduction taken in the return in the amount of $150,000. Petitioner has made claim for deduction in an increased amount, and he now claims that he sustained in 1945 losses in the aggregate amount of $313,838.37, resulting from theft and confiscation of property in 1945, located in Vienna, Austria. Petitioner claims that he is entitled to loss deductions...
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