Au v. Commissioner
United States Tax Court
Basis for depreciation of nonbusiness property converted to business use held to be fair market value at date of conversion, whether or not property was simultaneously contributed to a partnership.
1Opinion of the Court
Lawrence, Y. S. Au and Wrona K. H. Au, Petitioners, v. Commissioner of Internal Revenue, Respondent
Au v. Commissioner
Docket No. 88778
United States Tax Court
40 T.C. 264; 1963 U.S. Tax Ct. LEXIS 129;
May 10, 1963, Filed
Decision will be entered for the respondent.
Basis for depreciation of nonbusiness property converted to business use held to be fair market value at date of conversion, whether or not property was simultaneously contributed to a partnership.
Lawrence Y. S. Au, pro se.
Aaron S. Resnik, for the respondent.
Opper, Judge.
OPPER
Respondent determined a deficiency of $ 62.06 in petitioners'…
2Cases cited9 opinions
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Helvering v. OwensSupreme Court of the United States · 1939
- Heiner v. TindleSupreme Court of the United States · 1928
- Sackstein v. CommissionerUnited States Tax Court · 1950
- Au v. CommissionerUnited States Tax Court · 1963
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