ROSS v. COMMISSIONER

Docket No. 18955-80.

44 T.C.M. 1177 (1982)

T.C. Memo. 1982-545

Gene W. Ross and Bernice H. Ross v. Commissioner.

United States Tax Court.

Filed September 21, 1982.


Attorney(s) appearing for the Case

Michael F. Becker and Richard D. Panza, 444 Avon Belden Rd., Avon Lake, Ohio, for the petitioners. Kristine A. Roth, for the respondent.


Memorandum Findings of Fact and Opinion

STERRETT, Judge:

By notice of deficiency dated July 25, 1980, respondent determined deficiencies in petitioners' Federal income taxes for the taxable years 1975 and 1976 in the respective amounts of $2,901.12 and $5,135. The issues for decision are (1) whether petitioners sustained a deductible casualty loss during 1975 in the amount of $8,025; (2) whether petitioners sustained a deductible casualty loss during 1976...

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