Memorandum Findings of Fact and Opinion
WILES, Judge:
Respondent determined a deficiency in the petitioner's income tax for the calendar year 1967 in the amount of $347.80.
The only issue for our decision is whether the petitioner is entitled to a loss deduction with regard to the destruction by fire of an apartment with an adjusted basis of $460 when the petitioner received $1,700 as insurance proceeds.
Findings of Fact
Sam H....
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