The respondent determined a deficiency in the income tax of the petitioner for the year 1946 of $2,490.42.
The issues presented for our decision are:
1. Whether the petitioner is entitled to the benefits of section 112 (f) of the Internal Revenue Code with respect to certain insurance proceeds received in 1946 as the result of the destruction by fire of certain of petitioner's real property.
2. Whether the petitioner is entitled to depreciation where...
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