Legal Opinion
Walgreen Company & Subsidiaries v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided October 17, 1995No. 95-1116PublishedCited by 9 opinions
1Opinion of the Court
POSNER, Chief Judge.
Between 1980 and 1984 Walgreen made a number of leasehold improvements in drugstores and restaurants that it owned. The improvements were depreciable real property within the meaning of section 1250(c) of the Internal Revenue Code — “section 1250 property,” as it is called; depreciable personal property, such as machinery, is covered in section 1245 and is not involved in this case. The improvements included interior partitions, millwork, acoustic ceilings, floor finish-ings, and bathroom and lighting fixtures. On its income tax returns for 1983 and 1984 Walgreen…
2Cases cited7 opinions
- Lloyd E. Williams, Jr. And Mildred A. Williams v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1993
- United States v. Charles BaldwinCourt of Appeals for the Seventh Circuit · 1995
- Commissioner of Internal Revenue, Petitioner-Cross-Respondent v. Leon E. Hendrickson, Respondent-Cross-Petitioner, and Peoples Loan & Trust CompanyCourt of Appeals for the Seventh Circuit · 1989
- Brooks v. BuscherCourt of Appeals for the Seventh Circuit · 1995
- Estate of Ruby Miller Whittle, Deceased, Citizens National Bank of Decatur, Trustee v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1993
2 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Hospital Corp. of Am. v. CommissionerUnited States Tax Court · 1997
- Norwest Corp. v. Comm'rUnited States Tax Court · 1998
- United Cancer Council, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1999
- Daoud v. Comm'rUnited States Tax Court · 2010
- Hospital Corp. of Am. v. CommissionerUnited States Tax Court · 1997
4 more not listed; retrieve them via the Exa API.