United States Tax Court April 8, 1981, Docket No. 4271-78 (Maher v. Commissioner)

lead-opinion

Hall, Judge:

Respondent determined a $14,669 deficiency in petitioners’ 1974 income tax. The issue for decision is whether the destruction of 22 palm trees caused by a disease known as “lethal yellowing” qualifies as a casualty loss deduction under section 165(c)(3).1

FINDINGS OF FACT

Some of the facts have been stipulated and are found accordingly.

Petitioners John A. and Madeline K.