Mary Frances Allen v. Commissioner,16 T.C. 163 (1951), TAXATION

Nature of the Case

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Facts

Allen (P) owned a brooch, which she lost in some unknown manner while visiting the Metropolitan Museum of Art. P cannot prove that the brooch was stolen. All that P knows is that it disappeared and was never found or returned. P sought to deduct this loss, but the IRS disallowed the deduction.