Pulvers v. Commissioner,407 F.2d 838 (9th Cir. 1969), TAXATION

Nature of the Case

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Facts

Pulvers (P) lived in the hills and a nearby landslide ruined nearby homes. Because of P's location in the danger zone, the value of their home was impacted by the fear of other landslides. P took a casualty loss on their tax return. The IRS denied the deduction because no physical injury had yet occurred.