Londagin v. Commissioner
United States Tax Court
Petitioners on their 1964 Federal income tax return claimed and were allowed a casualty loss deduction because of damage to their home in the "Good Friday" earthquake in Alaska on Mar. 27, 1964. At the time of the earthquake there were mortgages on petitioners' home which were paid off later with proceeds of an increased mortgage loan, the balance of which proceeds was used to partially repair the damage to petitioners' home.
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Petitioners on their 1964 Federal income tax return claimed and were allowed a casualty loss deduction because of damage to their home in the "Good Friday" earthquake in Alaska on Mar. 27, 1964. At the time of the earthquake there were mortgages on petitioners' home which were paid off later with proceeds of an increased mortgage loan, the balance of which proceeds was used to partially repair the damage to petitioners' home. Held, a payment in 1968 by the Alaska Mortgage Adjustment Agency made because of the damage to petitioners' home in the earthquake in partial reduction of petitioners'…
1Opinion of the Court
Herman E. Londagin and B. Maxine Londagin, Petitioners v. Commissioner of Internal Revenue, Respondent
Londagin v. Commissioner
Docket No. 8237-71
United States Tax Court
61 T.C. 117; 1973 U.S. Tax Ct. LEXIS 30; 61 T.C. No. 15;
October 30, 1973, Filed
Decision will be entered for the respondent.
Petitioners on their 1964 Federal income tax return claimed and were allowed a casualty loss deduction because of damage to their home in the "Good Friday" earthquake in Alaska on Mar. 27, 1964. At the time of the earthquake there were mortgages on petitioners' home which were paid off later with proceeds of…
2Cases cited13 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Commissioner v. Glenshaw Glass Co.Supreme Court of the United States · 1955
- Dobson v. CommissionerSupreme Court of the United States · 1944
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
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