Gudmundsson v. Commissioner
United States Tax Court
(1) Ps were teachers. During 1974, they maintained and used a home office, which contained antique furniture and a library.
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(1) Ps were teachers. During 1974, they maintained and used a home office, which contained antique furniture and a library. Held, Ps failed to establish the useful life and business use of the furniture and the basis, business use, and useful life of the library; therefore, they are not entitled to depreciation deductions for them under sec. 167, I.R.C. 1954. (2) Ps spent $ 125 on educational materials in 1974. Held, they are entitled to a deduction for such materials as buisness expenses under sec. 162(a), I.R.C. 1954. (3) Ps used their car for transportation to PTA meetings and education…
1Opinion of the Court
ALLAN GUDMUNDSSON and LAVONNE GUDMUNDSSON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Gudmundsson v. Commissioner
Docket No. 1238-77.
United States Tax Court
T.C. Memo 1978-299; 1978 Tax Ct. Memo LEXIS 213; 37 T.C.M. (CCH) 1249; T.C.M. (RIA) 78299;
August 1, 1978, Filed(1) Ps were teachers. During 1974, they maintained and used a home office, which contained antique furniture and a library. Held, Ps failed to establish the useful life and business use of the furniture and the basis, business use, and useful life of the library; therefore, they are not entitled to depreciation…
2Cases cited24 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- United States v. LudeySupreme Court of the United States · 1927
- Massey Motors, Inc. v. United StatesSupreme Court of the United States · 1960
- Sharon v. CommissionerUnited States Tax Court · 1976
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