Patmon v. Commissioner

FREDERICK A. PATMON, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Patmon v. Commissioner

Docket No. 26954-86

United States Tax Court

T.C. Memo 1989-343; 1989 Tax Ct. Memo LEXIS 342; 57 T.C.M. (CCH) 974; T.C.M. (RIA) 89343;

July 18, 1989

Held: Petitioner is not entitled to depreciation deductions with respect to a master recording.

Hallison H. Young, for the petitioner.

Timothy S. Murphy, for the respondent.

WHITAKER

MEMORANDUM OPINION

WHITAKER, Judge: By statutory notice dated April 11, 1986, respondent determined a deficiency in petitioner's 1980 Federal income tax in the amount of $…