Respondent determined a deficiency in petitioner's income tax for the calendar year 1959 in the amount of $47,922.08. Two related questions are presented herein. The first is whether petitioner is entitled to a deduction for "theft" in the amount of $192,271.50 or any other amount on account of the seizure or confiscation of certain of her property in Rumania after a Communist regime assumed control in that country in 1945, and, if so, whether such deduction was properly...
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