Legal Opinion
Meyer Feldman v. Wilson B. Wood, Director of Internal Revenue for Arizona
Court of Appeals for the Ninth Circuit
Decided August 5, 1964No. 18908PublishedCited by 26 opinions
1Opinion of the Court
MERRILL, Circuit Judge.
Appellant taxpayer has brought this suit for refund of income taxes claimed by him and denied by appellee. The question presented is whether taxpayer has suffered a loss under § 165 of the Internal Revenue Code of 1954, 1 by virtue of the demolition of buildings by taxpayer’s lessee pursuant to permission to demolish granted by the lease.
On June 1, 1955, taxpayer entered into a 99-year lease of the subject property, which included a warehouse and a filling station, having a remaining useful life of approximately 25 years. The lease provided:
“11. Lessee shall have the…
2Cases cited5 opinions
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- Young v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1932
- Blumenfeld Enterprises, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1956
- St. Paul Union Depot Co. v. Commissioner of Internal Rev.Court of Appeals for the Eighth Circuit · 1941
- Alaska Realty Co. v. Commissioner of Internal Rev.Court of Appeals for the Sixth Circuit · 1944
3Cited by26 opinions
- Fox v. CommissionerUnited States Tax Court · 1968
- Willard Barry and Harriet Barry v. United StatesCourt of Appeals for the Sixth Circuit · 1974
- Herman Landerman v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1971
- H. Douglas Wilson, and Roberta D. Wilson v. United StatesCourt of Appeals for the Sixth Circuit · 1978
- Landerman v. CommissionerUnited States Tax Court · 1970
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