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their Federal income tax return (return) for that year. We hold
that they are not.
(2) Whether petitioners are entitled for 1993 to deduct a
loss that they sustained on the sale of an automobile. We hold
that they are not.
(3) Whether petitioners are entitled for 1993 to a casualty
loss deduction in the amount of $11,509. We hold that they are
not.
(4) Whether petitioners are liable for 1993 for the
accuracy-related penalty under section 6662(a).1 We hold that
they are.
FINDINGS OF FACT
Some of the facts have been stipulated and are so found.
The stipulation of facts and attached exhibits are incorporated
herein. Petitioners resided in North Hollywood, California, at
the time they filed the petition in this case. All references to
petitioner in the singular are to Arlan L. Rower.
During 1993, petitioner earned $55,4642 as a jet airplane
mechanic employed by American Airlines, and petitioner Sandra L.
Howard (Ms. Howard) earned $32,611 as a secretary.
1 All section references are to the Internal Revenue Code in
effect for the year at issue, and all Rule references are to the
Tax Court Rules of Practice and Procedure.
2 All dollar amounts are rounded to the nearest dollar.
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