Allen v. Commissioner

EARL F. ALLEN AND MARY BELLE ALLEN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Allen v. Commissioner

Docket No. 997-83.

United States Tax Court

T.C. Memo 1984-630; 1984 Tax Ct. Memo LEXIS 41; 49 T.C.M. (CCH) 238; T.C.M. (RIA) 84630;

December 5, 1984.

Jeremy C. McCamic, for the petitioners.

Donna J. Pankowski, for the respondent.

SHIELDS

MEMORANDUM FINDINGS OF FACT AND OPINION

SHIELDS, Judge: Respondent determined that there was a deficiency of $10,971.65 in the income tax of petitioners for 1980. The only issue is what part, if any, of a casualty loss of $22,482.74 is deductible by…