United States Tax Court July 13, 1960, Docket No. 72859 (Monteleone v. Commissioner)

Michele Monteleone and Frances Monteleone, Petitioners, v. Commissioner of Internal Revenue, Respondent Monteleone v. Commissioner Docket No. 72859 United States Tax Court 34 T.C. 688; 1960 U.S. Tax Ct. LEXIS 107; July 13, 1960, Filed *107 Decision will be entered under Rule 50. Held, on the facts petitioner sustained a theft loss during the taxable year 1954. William A. Cruikshank, Jr., Esq.