Steen v. Commissioner
United States Tax Court
Held: Deduction for depreciation not allowed petitioners on main house, guesthouse, and pool house located on cattle ranch petitioners acquired and used for business purposes. These buildings were not used in a trade or business.
1Opinion of the Court
Deennen, Judge:
Respondent determined deficiencies in petitioners’ Federal income tax as follows:
Year Deficiency
1966 $7, 338. 07
1967 7, 393. 31
1968 6,595.42
1969 5, 894. 82
Several issues have been disposed of by agreement of the parties. The only issue remaining for decision is whether the petitioners are entitled to depreciation deductions in 1968 and 1969 for certain buildings located on a ranch.
FINDINGS OF FACT
Some facts have been stipulated by the parties and are found accordingly. The various stipulations filed by the parties are incorporated herein by reference.
Petitioners John T. Steen…
2Cases cited13 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Manhattan General Equipment Co. v. Commissioner of Internal RevenueSupreme Court of the United States · 1936
- Commissioner v. AckerSupreme Court of the United States · 1959
- United States v. CalamaroSupreme Court of the United States · 1957
- International Artists, Ltd. v. CommissionerUnited States Tax Court · 1970
8 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Dunn v. CommissionerUnited States Tax Court · 1978
- John T. Steen and Nell D. Steen v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1975
- Goodson-Todman Enterprises, Ltd. v. CommissionerUnited States Tax Court · 1985
- Graves v. CommissionerUnited States Tax Court · 1987
- Bhada v. CommissionerUnited States Tax Court · 1987
19 more not listed; retrieve them via the Exa API.