A. J. Schwarzler Co. v. Commissioner
United States Board of Tax Appeals
Where a taxpayer owns the fee title to land and erects improvements thereon, the cost of such land and improvements may not be abandoned and written off as a loss while the taxpayer retains title thereto.
1Opinion of the Court
APPEAL OF A. J. SCHWARZLER CO.
A. J. Schwarzler Co. v. Commissioner
Docket No. 667.
United States Board of Tax Appeals
3 B.T.A. 535; 1926 BTA LEXIS 2639;
January 30, 1926, Decided Submitted February 4, 1925.
Where a taxpayer owns the fee title to land and erects improvements thereon, the cost of such land and improvements may not be abandoned and written off as a loss while the taxpayer retains title thereto.
A. B. Sinclair, C.P.A., for the taxpayer.
Benjamin H. Saunders, Esq., for the Commissioner.
MARQUETTE
Before IVINS, KORNER and MARQUETTE.
This is an appeal from the determination of a deficiency in…
2Cases cited1 opinion
- A. J. Schwarzler Co. v. CommissionerUnited States Board of Tax Appeals · 1926