Hoffman v. Commissioner
United States Tax Court
Sec. 167 -- Depreciation -- Exhaustion of Property Used in a Business. -- The cost of a contract or a lease for the use of space, for a definite period, in which to place vending machines is deductible over the period of the lease as depreciation under sec. 167 of the Internal Revenue Code of 1954.
1Opinion of the Court
David Hoffman, Petitioner v. Commissioner of Internal Revenue, Respondent; Robert Hirsch and Jeanne Hirsch, Petitioners v. Commissioner of Internal Revenue, Respondent
Hoffman v. Commissioner
Docket Nos. 3906-65, 3943-65
United States Tax Court
48 T.C. 176; 1967 U.S. Tax Ct. LEXIS 106;
May 16, 1967, Filed
Decisions will be entered under Rule 50.
Sec. 167 -- Depreciation -- Exhaustion of Property Used in a Business. -- The cost of a contract or a lease for the use of space, for a definite period, in which to place vending machines is deductible over the period of the lease as depreciation under sec.…
2Cases cited4 opinions
- Commissioner of Internal Revenue v. Seaboard Finance Company, Seaboard Finance Company, Cross v. Commissioner of Internal Revenue, CrossCourt of Appeals for the Ninth Circuit · 1966
- United Benefit Life Insurance Company v. McCroryDistrict Court, D. Nebraska · 1965
- Hoffman v. CommissionerUnited States Tax Court · 1967
- George D. Patterson, Jr., District Director of Internal Revenue v. The Birmingham News CompanyCourt of Appeals for the Fifth Circuit · 1965