Barron v. Commissioner
United States Tax Court
Depreciation: Useful life: Repairs: Capital expenditures. - The petitioners were in the business of buying property in a run-down condition which they would remodel and sell. In 1958 they bought an apartment building which was at least 31 years old and in an unrentable condition. In order to rent the apartments they began an extensive program of remodeling and renovation.
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Depreciation: Useful life: Repairs: Capital expenditures. - The petitioners were in the business of buying property in a run-down condition which they would remodel and sell. In 1958 they bought an apartment building which was at least 31 years old and in an unrentable condition. In order to rent the apartments they began an extensive program of remodeling and renovation. Held: All of the improvement expenses should be capitalized since they were part of a general plan of renovation. The useful lives of the building and improvements are determined. A carpet which was sold with another piece…
1Opinion of the Court
Herman Barron and Ann Barron v. Commissioner.
Barron v. Commissioner
Docket No. 94604.
United States Tax Court
T.C. Memo 1963-315; 1963 Tax Ct. Memo LEXIS 30; 22 T.C.M. (CCH) 1655; T.C.M. (RIA) 63315;
November 29, 1963
Depreciation: Useful life: Repairs: Capital expenditures. - The petitioners were in the business of buying property in a run-down condition which they would remodel and sell. In 1958 they bought an apartment building which was at least 31 years old and in an unrentable condition. In order to rent the apartments they began an extensive program of remodeling and renovation.
Held: All of…
2Cases cited5 opinions
- Joseph Merrick Jones and Eugenie Penick Jones v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1957
- M. A. Stoeltzing and Margaret M. Stoeltzing, His Wife v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1959
- Mid-State Products Co. v. CommissionerUnited States Tax Court · 1954
- Keller Street Dev. Co. v. CommissionerUnited States Tax Court · 1961
- Southern California Freight Lines, Ltd. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1938
3Cited by1 opinion
- Jerome S. Moss, Sandra Moss, Sharon M. Alesia, Herb Alpert, and Lani Alpert v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1987