Denman v. Commissioner
United States Tax Court
1. In reporting his taxable income for the taxable years herein petitioner capitalized the total estimated cost of his college or higher education as the basis to him of his engineering degree and based on an assumed life therefor until he reached age 65, deducted $ 694 as depreciation on each of his returns for the years in question.
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1. In reporting his taxable income for the taxable years herein petitioner capitalized the total estimated cost of his college or higher education as the basis to him of his engineering degree and based on an assumed life therefor until he reached age 65, deducted $ 694 as depreciation on each of his returns for the years in question. Held, that petitioner has not brought the amount so claimed within the ambit of sec. 167, I.R.C. 1954. 2. During the taxable years herein petitioner carried on personal business activities under the name Basic & Experimental Physics. Generally these activities…
1Opinion of the Court
Nathaniel A. Denman and Lucille G. Denman, Petitioners v. Commissioner of Internal Revenue, Respondent; Nathaniel A. Denman, Petitioner v. Commissioner of Internal Revenue, Respondent
Denman v. Commissioner
Docket Nos. 3515-62, 3955-62
United States Tax Court
48 T.C. 439; 1967 U.S. Tax Ct. LEXIS 82;
June 26, 1967, Filed
Decisions will be entered under Rule 50.
1. In reporting his taxable income for the taxable years herein petitioner capitalized the total estimated cost of his college or higher education as the basis to him of his engineering degree and based on an assumed life therefor until he…
2Cases cited14 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Commissioner v. FlowersSupreme Court of the United States · 1946
- Commissioner v. TellierSupreme Court of the United States · 1966
- Avery v. CommissionerSupreme Court of the United States · 1934
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