Peters v. Commissioner
United States Tax Court
Petitioners owned certain property upon which they constructed office buildings in 1961 and 1962, which were held for the production of income. The property was located in an area used for residences and office facilities of companies engaged in electronics research and development. The needs of that industry in terms of buildings were in a constant state of flux.
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Petitioners owned certain property upon which they constructed office buildings in 1961 and 1962, which were held for the production of income. The property was located in an area used for residences and office facilities of companies engaged in electronics research and development. The needs of that industry in terms of buildings were in a constant state of flux. Respondent determined the useful lives of the buildings for depreciation purposes, disallowing a portion of the depreciation deductions claimed for 1962 and 1963. Held: Respondent's determinations of useful lives of the respective…
1Opinion of the Court
Colin M. and Carol Peters v. Commissioner.
Peters v. Commissioner
Docket No. 5361-66.
United States Tax Court
T.C. Memo 1969-52; 1969 Tax Ct. Memo LEXIS 243; 28 T.C.M. (CCH) 294; T.C.M. (RIA) 69052;
March 17, 1969, Filed
Petitioners owned certain property upon which they constructed office buildings in 1961 and 1962, which were held for the production of income. The property was located in an area used for residences and office facilities of companies engaged in electronics research and development. The needs of that industry in terms of buildings were in a constant state of flux. Respondent…
2Cases cited8 opinions
- Massey Motors, Inc. v. United StatesSupreme Court of the United States · 1960
- Casey v. CommissionerUnited States Tax Court · 1962
- United States Cartridge Co. v. United StatesSupreme Court of the United States · 1932
- Dunn v. CommissionerUnited States Tax Court · 1964
- Stevens Pass, Inc. v. CommissionerUnited States Tax Court · 1967
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