GORMAN v. COMMISSIONER

Docket No. 5984-70.

33 T.C.M. 74 (1974)

T.C. Memo. 1974-18

Gerald R. Gorman and Elizabeth L. Gorman v. Commissioner.

United States Tax Court.

Filed January 28, 1974.


Attorney(s) appearing for the Case

John F. Kelly and J. Patrick Doherty, Suite 1365, Board of Trade Bldg., Chicago, Ill., for the petitioners. William L. Ringuette, for the respondent.


Memorandum Findings of Fact and Opinion

GOFFE, Judge:

Respondent determined a deficiency in the Federal income tax of the petitioners for the taxable year 1967 in the amount of $7,890.18.

Some concessions have been made by the parties. The issues remaining for decision are: (1) Whether petitioners are entitled to a deduction under section 165(a)1 in the taxable year 1967 for a demolition loss resulting from the partial...

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