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$27,372.91 reimbursement for damage to their home and $11,687
reimbursement for damage to the contents.
In addition, petitioners received two checks, one for the
damage to their home and one for the damage to its contents, in
undisclosed amounts and from an unidentified insurance company,
as reimbursement for the damage caused by the April flood.
Among the individual casualty losses detailed by petitioners
on Form 4684 attached to their 1991 return was a loss in the
amount of $143,064.34, before insurance reimbursement, for damage
to their home caused by the April flood. Worksheets prepared by
petitioners in support of this claimed loss contained numerous
duplications of individual items which they had included in their
claimed loss as a result of the February flood.
At trial, petitioners reduced the amount of loss claimed for
flood damage to their home in April of 1991 to $99,383.28, before
insurance reimbursement, consisting of a $79,863.28 loss claimed
for damage to their home and a $19,520 loss claimed for damage to
its contents.
Petitioners calculated the $79,863.28 claimed loss to their
home by totaling the cost of repairs they claim to have made to
their home as a result of the April flood. They received a
statement and invoices totaling $43,080.59 for repairs performed
at their home after the April flood. They wrote checks totaling
$22,196.80 to various businesses for repairs performed at their
home after the April flood.
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