Legal Opinion
Andrew J. Easter and Mildred P. Easter v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided December 1, 1964No. 9602_1PublishedCited by 33 opinions
1Per curiam
We have carefully reviewed the decision of the Tax Court in this matter, and for the reasons set out in its opinion, we affirm.
The adjustment of the depreciation basis for the facilities located at 6608 Belair Road, Baltimore, Maryland,was clearly proper, since it is undisputed that the taxpayer himself invested only $28,000 in the buildings on that site. It is elemental that a taxpayer cannot recoup by means of depreciation deductions an investment in a depreciable asset made by a stranger. Detroit Edison Co. v. Commissioner of Internal Revenue, 319 U.S. 98, 102, 63 S.Ct. 902, 87 L.Ed. 1286…
2Cases cited6 opinions
- Detroit Edison Co. v. CommissionerSupreme Court of the United States · 1943
- Caldwell v. Commissioner of Internal Revenue. Commissioner of Internal Revenue v. CaldwellCourt of Appeals for the Second Circuit · 1953
- Casey v. CommissionerUnited States Tax Court · 1962
- Commissioner of Internal Revenue v. Revere Land Co.Court of Appeals for the Third Circuit · 1948
- Burka v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1950
1 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Coors Porcelain Company v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1970
- Oswill M. Cummings, Jr. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1969
- Graves v. CommissionerUnited States Tax Court · 1987
- Dinkins v. CommissionerCourt of Appeals for the Eighth Circuit · 1967
- Matter of Texlon Corp.United States Bankruptcy Court, S.D. New York · 1983
28 more not listed; retrieve them via the Exa API.