SCOTT, Judge:
Respondent determined a deficiency in petitioners' Federal income tax for the calendar year 1968 in the amount of $1,679.09. The issue for decision is whether a payment in 1968 by the Alaska Mortgage Adjustment Agency to petitioners' mortgagee for the reduction of the mortgage on petitioners' home constitutes income in that year to petitioners to the extent that petitioners had received a tax benefit for an earthquake casualty loss deducted by...
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