Georgiades v. Glickman

The issues presented on this appeal are as follows:(1) Whether in computing the net income from operations of the partnership there should be deducted the salary of the defendant Robert H. Karatz as general manager of the partnership’s theater business;(2) What rate of depreciation should be used as a deduction against gross income in computing the net income in which plaintiff was to share;(3) Should operating losses from prior years be carried forward in computing the net income to which plaintiff was entitled to share as to a fiscal year in which the partnership had made a profit from…