Memorandum Opinion
KÖRNER, Judge:
Respondent determined a deficiency of income tax against Robert Wood and Constance Wood for the year 1979 in the amount of $7,022.31. After concessions, the sole issue which we must determine is whether Robert Wood suffered a deductible casualty loss in 1979 on account of the alleged worthlessness, in that year, of an asset used in Robert Wood's trade or business.
Robert and Constance Wood, husband and wife...
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