Jeannette Lenkin v. District of Columbia, Morris Pollin v. District of Columbia

SPOTTSWOOD W. ROBINSON, III, Circuit Judge:

These two cases, consolidated in this court, present similar fact patterns and similar issues for our consideration. In each, the assets of a dissolved corporation, consisting chiefly of an apartment building, were distributed, subject to outstanding corporate debts, to its stockholders who promptly discharged the indebtedness and continued, through the medium of a newly-formed partnership, the preexisting corporate business of operating the facility. In each, deductions for depreciation on the apartment property, taken on partnership returns filed…