Bailey v. Commissioner
United States Tax Court
During the winter of 1979-1974, large, portions of Ps' backyard fell away over a period of 6 to 8 weeks. On their 1974 return, Ps claimed a casualty loss deduction for the damage under sec. 165(c), I.R.C. 1954. Held, Ps sustained a deductible casualty loss in 1974; amount of such loss determined.
1Opinion of the Court
G. J. BAILEY and PAULINE A. BAILEY, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Bailey v. Commissioner
Docket No. 15530-81.
United States Tax Court
T.C. Memo 1983-685; 1983 Tax Ct. Memo LEXIS 102; 47 T.C.M. (CCH) 321; T.C.M. (RIA) 83685;
November 17, 1983.
During the winter of 1979-1974, large, portions of Ps' backyard fell away over a period of 6 to 8 weeks. On their 1974 return, Ps claimed a casualty loss deduction for the damage under sec. 165(c), I.R.C. 1954. Held, Ps sustained a deductible casualty loss in 1974; amount of such loss determined.
John W. Michener, Jr., for the…
2Cases cited19 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Boehm v. CommissionerSupreme Court of the United States · 1945
- Fay v. HelveringCourt of Appeals for the Second Circuit · 1941
- Matheson v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1931
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3Cited by1 opinion
- Barmes v. CommissionerCourt of Appeals for the Seventh Circuit · 2001