MARTZ v. COMMISSIONER

Memorandum Findings of Fact and Opinion

STERRETT, Judge:

By notice dated January 9, 1979 respondent determined a deficiency of $735 in petitioner's 1976 Federal income tax. Concessions having been made by the parties, the sole issue remaining for our decision is whether the petitioner, pursuant to section 165(c)(3), I.R.C. 1954, is entitled to a casualty loss deduction in the amount of $925 resulting from the death of coconut palm trees.

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