The respondent determined a deficiency of $8,354.92 in the petitioner's income tax for 1947. The only issue for determination is whether the petitioner was entitled to a deduction for 1947 of $3,634.92 as a loss resulting from a fire which occurred in 1946.
FINDINGS OF FACT.
A portion of the facts have been stipulated and are found accordingly.
The petitioner is a resident of Chattanooga, Tennessee, and filed his income tax return for 1947, prepared...
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