Memorandum Findings of Fact and Opinion
COLVIN, Judge:
Respondent determined a deficiency of $30,590.46 for taxable year 1983. After concessions, the only issue for decision is whether petitioners may deduct any amount as a casualty loss for taxable year 1983.
On September 19, 1983, petitioners' home was flooded. Petitioners filed an insurance claim for the flood damage. The claim was paid virtually in full in 1984. Petitioners claimed a casualty...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.