Memorandum Findings of Fact and Opinion
STERRETT, Judge:
By notice of deficiency dated July 25, 1980, respondent determined deficiencies in petitioners' Federal income taxes for the taxable years 1975 and 1976 in the respective amounts of $2,901.12 and $5,135. The issues for decision are (1) whether petitioners sustained a deductible casualty loss during 1975 in the amount of $8,025; (2) whether petitioners sustained a deductible casualty loss during 1976...
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