Peterson v. Commissioner
United States Tax Court
During January 1952 the petitioners were the owners of a lot, situated in a hillside or mountainous area of Los Angeles, California, and improved by a garage, a swimming pool, and a partially completed residence. In order to construct the improvements and to have some level ground around them, the petitioners had filled in a portion of the back part of the lot with dirt, some of which was compacted, and some was not, and around it a retaining wall had been built.
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During January 1952 the petitioners were the owners of a lot, situated in a hillside or mountainous area of Los Angeles, California, and improved by a garage, a swimming pool, and a partially completed residence. In order to construct the improvements and to have some level ground around them, the petitioners had filled in a portion of the back part of the lot with dirt, some of which was compacted, and some was not, and around it a retaining wall had been built. As a result of a rainstorm which began January 15 and continued through January 18, 1952, a gully 6 feet deep was cut in the…
1Opinion of the Court
Withey, Judge:
The respondent has determined a deficiency of $1,964.98 in the income tax of the petitioners for 1952. The only issue for determination is whether the petitioners are entitled to deduct $25,000 as a casualty loss.
FINDINGS OF FACT.
The petitioners, who are husband and wife, reside in Los Angeles, California, and timely filed their joint income tax return for 1952 with the district director in that city.
During August 1951, or prior thereto, the petitioners acquired at a cost of $11,027 a'building lot in the Bel-Air area of Los Angeles. The Bel-Air area is mountainous and rolling…
2Cases cited6 opinions
- Weiss v. WeinerSupreme Court of the United States · 1929
- Helvering v. OwensSupreme Court of the United States · 1939
- Harmon v. CommissionerUnited States Tax Court · 1949
- The Citizens Bank of Weston v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1958
- Citizens Bank of Weston v. CommissionerUnited States Tax Court · 1957
1 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Kilroe v. CommissionerUnited States Tax Court · 1959
- Squirt Co. v. CommissionerUnited States Tax Court · 1969
- Pulvers v. CommissionerUnited States Tax Court · 1967
- J. G. Boswell Co. v. CommissionerUnited States Tax Court · 1960
- Thornton v. CommissionerUnited States Tax Court · 1966
32 more not listed; retrieve them via the Exa API.