Hadley v. Commissioner
United States Tax Court
During the taxable year in issue, petitioner was in the trade or business of being an author and incurred expenses in writing a book. Petitioner claimed a current deduction for these expenditures which respondent disallowed on the basis that these amounts were subject to the capitalization requirements of section 280. Held, expenses incurred by an author in writing a book are subject to the provisions of sec. 280.
1Opinion of the Court
ARTHUR T. HADLEY AND SUSAN K. BRYANT, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Hadley v. Commissioner
Docket No. 18277-82.
United States Tax Court
T.C. Memo 1986-173; 1986 Tax Ct. Memo LEXIS 436; 51 T.C.M. (CCH) 948; T.C.M. (RIA) 86173;
April 28, 1986.
During the taxable year in issue, petitioner was in the trade or business of being an author and incurred expenses in writing a book. Petitioner claimed a current deduction for these expenditures which respondent disallowed on the basis that these amounts were subject to the capitalization requirements of section 280. Held,…
2Cases cited2 opinions
- Paul Snyder and Helen J. Snyder v. United StatesCourt of Appeals for the Tenth Circuit · 1982
- Faura v. CommissionerUnited States Tax Court · 1980
3Cited by1 opinion
- Arthur T. Hadley and Susan K. Bryant v. Commissioner of Internal Revenue, Lloyd McKim Garrison and Sarah Garrison v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1987