Memorandum Findings of Fact and Opinion
WITHEY, Judge:
The respondent determined a deficiency of $2,450.82 in the income tax of the petitioners for 1954. The only issue presented is the correctness of the respondent's disallowance of a deduction of $7,000 taken by the petitioners as a casualty loss sustained during 1954 on their personal residence.
Findings of Fact
Some of the facts have been stipulated and are found accordingly.
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