Memorandum Opinion
MULRONEY, Judge:
The respondent determined a deficiency in petitioner's 1960 income tax in the amount of $851.83. In his return for that year, filed with the district director of internal revenue in Springfield, Illinois, petitioner took a deduction in the sum of $3,925.20 as a theft loss, which respondent disallowed.
Some of the facts are stipulated and they are found accordingly.
During the years 1957 through 1960 petitioner...
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