ANDERSON v. COMMISSIONER

Docket No. 70537.

18 T.C.M. 549 (1959)

T.C. Memo. 1959-123

Joseph L. Anderson and Donna Mae Anderson v. Commissioner.

United States Tax Court.

Filed June 15, 1959.


Attorney(s) appearing for the Case

William Bernard Clinton, Esq., and Clark G. Clinton, Esq., for the petitioners. Robert B. Milsten, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

FISHER, Judge:

The principal issues presented for our decision are (1) whether petitioners sustained a casualty loss deductible within the meaning of section 165 (c)(3) of the Code of 1954; (2) if so, was it sustained in the taxable year 1955; and (3) the amount thereof.

Findings of Fact

Some of the facts are stipulated, and, as stipulated, are incorporated herein by reference.

Joseph L. and...

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