MEMORANDUM FINDINGS OF FACT AND OPINION
SWIFT, Judge:
Respondent determined a deficiency of $61,298 in petitioner's 1987 Federal income tax and an addition to tax under section 6651 of $9,735. After concessions by respondent, the issue remaining for decision is whether petitioner is entitled to a theft loss deduction for 1987 in the amount of $166,627.
Unless otherwise indicated all section references are to the Internal Revenue Code in effect for...
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