Steen v. Commissioner
United States Tax Court
Held: Deduction for depreciation not allowed petitioners on main house, guesthouse, and pool house located on cattle ranch petitioners acquired and used for business purposes. These buildings were not used in a trade or business.
1Opinion of the Court
John T. Steen and Nell D. Steen, Petitioners v. Commissioner of Internal Revenue, Respondent
Steen v. Commissioner
Docket No. 4395-71
United States Tax Court
61 T.C. 298; 1973 U.S. Tax Ct. LEXIS 16; 61 T.C. No. 31;
November 26, 1973, Filed
Decision will be entered under Rule 50.
Held: Deduction for depreciation not allowed petitioners on main house, guesthouse, and pool house located on cattle ranch petitioners acquired and used for business purposes. These buildings were not used in a trade or business.
John W. Davidson and Leonard Leighton, for the petitioners.
Robert H. Jones, for the respondent.
Dre…
2Cases cited14 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Manhattan General Equipment Co. v. Commissioner of Internal RevenueSupreme Court of the United States · 1936
- Commissioner v. AckerSupreme Court of the United States · 1959
- United States v. CalamaroSupreme Court of the United States · 1957
- International Artists, Ltd. v. CommissionerUnited States Tax Court · 1970
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