Memorandum Findings of Fact and Opinion
NIMS, Judge:
Respondent determined a $9,698.01 deficiency in petitioner's 1975 income tax liability. The issue for our decision is whether petitioner is entitled to a casualty loss deduction for storm damage to lakefront property.
Findings of Fact
Some of the facts have been stipulated and are found accordingly. The stipulation and the attached exhibits are incorporated herein by reference.
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