Memorandum Findings of Fact and Opinion
JOHNSON, Judge:
The Commissioner determined a deficiency of $638.34 in petitioners' income tax for the year 1950.
The only issue in dispute is whether loss sustained by petitioners in damage to the house owned and occupied by them as their residence was deductible as a casualty within the meaning of section 23(e)(3) of the Internal Revenue Code of 1939.
Another adjustment in the deficiency notice relating...
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