Garrido v. Commissioner

ARMANDO GARRIDO and TERESA GARRIDO, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

Garrido v. Commissioner

Docket No. 4964-71.

United States Tax Court

T.C. Memo 1973-143; 1973 Tax Ct. Memo LEXIS 145; 32 T.C.M. (CCH) 688; T.C.M. (RIA) 73143;

June 28, 1973, Filed.

Stuart A. Markus, for the petitioners.

Paul R. Stanton, for the respondent.

TANNENWALD

MEMORANDUM FINDINGS OF FACT AND OPINION

TANNENWALD, Judge: Respondent determined a deficiency of $797.84 in petitioners' 1967 income tax. The only question is whether petitioners elected to treat a Cuban expropriation loss suffered in 1961…