- 6 - estimate may be made. Vanicek v. Commissioner, 85 T.C. 731, 743 (1985). Petitioner compiled a list of items that were destroyed by hurricane Andrew. The list contains petitioner's own estimates of their values. At trial, petitioner testified that several of the items on the list were owned by his landlord. In addition, he admitted that much of his property was several years old when it was destroyed. Finally, he did not include on the list the automobiles claimed on his amended return as a loss. After reviewing petitioner's list and considering his testimony, we estimate petitioner's loss from hurricane Andrew to be $7,062. After taking into account the section 165(h) limitations, petitioner's allowable casualty loss deduction is $1,840. Since petitioner has not claimed any other itemized deductions, we hold that he is only entitled to the standard deduction for an individual filing as married filing separate, which is greater than his allowable casualty loss deduction. To reflect the foregoing, Decision will be entered for respondent.Page: Previous 1 2 3 4 5 6
Last modified: May 25, 2011