Memorandum Findings of Fact and Opinion
FAY, Judge:
The Commissioner determined a deficiency of $18,063.83 in the petitioners' income tax for the taxable year 1956. The sole question for decision is whether the petitioners are entitled to deduct as a casualty loss the amount of $30,334.35 which was claimed by them but disallowed by the Commissioner.
Findings of Fact
Some of the facts are stipulated and are found as stipulated.
The...
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