Memorandum Findings of Fact and Opinion
HALL, Judge:
Respondent determined a deficiency in petitioners' 1968 Federal income tax of $18,314.55.
The only issue is how much petitioners are entitled to deduct as a casualty loss arising from flood damage to their home in 1968.
Findings of Fact
Some of the facts have been stipulated and are so found.
Petitioners filed a joint income tax return in 1968. At the time they filed their...
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