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AKSOMITAS v. COMMISSIONER

Docket No. 252-67.

50 T.C. 679 (1968)

WILLIAM E. AKSOMITAS, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed July 31, 1968.

Attorney(s) appearing for the Case

William E. Aksomitas, pro se.

William L. McCulley, for the respondent.

HOYT, Judge:

Respondent determined a deficiency in income tax of $1,175.66 against petitioner for the taxable year 1964.1 Two issues are presented for our decision:

(1) Whether petitioner is entitled to a casualty loss deduction under section 165(c)(3), I.R.C. 1954,2 because of damage sustained by his yacht during that year.

(2) Whether petitioner...

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