Russell W. and Rebecca A. Willey - Page 1

                                 T.C. Memo. 1998-58                                   


                               UNITED STATES TAX COURT                                


                  RUSSELL W. AND REBECCA A. WILLEY, Petitioners v.                    
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 27751-96.               Filed February 11, 1998.            


               Russell W. and Rebecca A. Willey, pro sese.                            
               Ruth M. Spadaro, for respondent.                                       


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               FOLEY, Judge:  Respondent determined a $19,026 deficiency in           
          petitioners' 1993 Federal income tax.  After concessions by                 
          petitioners, the issue for decision is whether petitioners are              
          entitled to deduct a theft loss of $769,800.  We hold they are to           
          the extent provided below.  Unless otherwise indicated, all                 






Page:   1  2  3  4  5  Next

Last modified: May 25, 2011