Gutwirth v. Commissioner
United States Tax Court
1. Held: Petitioners are entitled to deduction for loss in respect of factory property in Belgium arising out of damage from German V-bombs. Although the property had previously been seized or deemed seized by the enemy, there was a recovery in 1944, and the bomb damage occurred thereafter.
Read the full summary
1. Held: Petitioners are entitled to deduction for loss in respect of factory property in Belgium arising out of damage from German V-bombs. Although the property had previously been seized or deemed seized by the enemy, there was a recovery in 1944, and the bomb damage occurred thereafter. Adjusted basis of the property and amount of damage determined. 2. Held: Residence of petitioner in Belgium was recovered in January 1946, with consequence that he was entitled to deduction for losses arising out of theft or vandalism or both in respect of the property occurring thereafter. Amount of such…
1Opinion of the Court
Charles Gutwirth, et al., 1 Petitioners, v. Commissioner of Internal Revenue, Respondent
Gutwirth v. Commissioner
Docket Nos. 77881, 77884, 77952
United States Tax Court
40 T.C. 666; 1963 U.S. Tax Ct. LEXIS 89;
June 27, 1963, Filed
Decisions will be entered under Rule 50.
1. Held: Petitioners are entitled to deduction for loss in respect of factory property in Belgium arising out of damage from German V-bombs. Although the property had previously been seized or deemed seized by the enemy, there was a recovery in 1944, and the bomb damage occurred thereafter. Adjusted basis of the property and amount…
2Cases cited13 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Abraham v. CommissionerUnited States Tax Court · 1947
- Solt v. CommissionerUnited States Tax Court · 1952
- Adler v. CommissionerUnited States Tax Court · 1947
- Heckett v. CommissionerUnited States Tax Court · 1947
8 more not listed; retrieve them via the Exa API.