Case Name: Charles Sumner Reed and Lillian Eves Reed
Court: United States Court of Claims
Jurisdiction: United States
Decision Date: 1972-09-29
Citations: 199 Ct. Cl. 999
Docket Number: No. 34-72
Parties: Charles Sumner Reed and Lillian Eves Reed
Judges: 
Reporter: United States Court of Claims Reports
Volume: 199
Pages: 999–1000

Head Matter:
No. 34-72.
September 29, 1972
Charles Sumner Reed and Lillian Eves Reed

Opinion:
Plaintiffs are claiming a loss deduction as a result of a fire which destroyed their home, the Commissioner of Inter r nal Revenue having allowed a lower casualty loss than claimed as a result of a downward adjusted basis in the home. This case comes before the court on defendant's motion for judgment on the pleadings. Upon consideration thereof, together with the reply in opposition thereto, without oral argument, on the basis of Section 165 of the Internal Revenue Code of 1954, Treasury Regulation § 1.165-1 (b) (1) and the decisions in Ward v. United States, 192 Ct. Cl. 710, 428 F. 2d 1288 (1970), cert. denied, 400 U.S. 1008 (1971), and Rosenthal v. Commissioner, 416 F. 2d 491 (2d Cir. 1969), the court concludes that plaintiffs are not entitled to recover. On September 29, 1972 the court, by order, granted defendant's motion and dismissed plaintiff's petition.