Weyerhaeuser Company, and Subsidiaries v. The United States, Defendant/cross-Appellant

PAULINE NEWMAN, Circuit Judge.. Weyerhaeuser Company and Subsidiaries (together Weyerhaeuser) and the United States each appeals aspects of the decision of the United States Court of Federal Claims 1 concerning income tax liability for certain casualty losses of timber stands, upon application of 26 U.S.C. § 165 and related laws and regulations. We conclude that the depletion block, not the tree stand, is the “single, identifiable property,” Treas. Reg. (26 C.F.R.) § 1.165~7(b)(2), for the purposes of determining Weyerhaeuser’s casualty loss; the contrary decision of the Court of Federal…