Desilu Productions, Inc. v. Commissioner
United States Tax Court
The sale of certain television films held, not to be a sale of property held by the taxpayer primarily for sale to customers in the ordinary course of its trade or business. Held further, depreciation deduction with respect to television films in the year of their sale allowed. Macabe Co., 42 T.C. 1105 (1964) followed.
1Opinion of the Court
Desilu Productions, Inc. v. Commissioner.
Desilu Productions, Inc. v. Commissioner
Docket No. 5114-63.
United States Tax Court
T.C. Memo 1965-307; 1965 Tax Ct. Memo LEXIS 23; 24 T.C.M. (CCH) 1695; T.C.M. (RIA) 65307;
November 29, 1965
The sale of certain television films held, not to be a sale of property held by the taxpayer primarily for sale to customers in the ordinary course of its trade or business. Held further, depreciation deduction with respect to television films in the year of their sale allowed. Macabe Co., 42 T.C. 1105 (1964) followed.
Arthur Manella and Ronald L. Blanc, 9171 Wilshire…
2Cases cited33 opinions
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Massey Motors, Inc. v. United StatesSupreme Court of the United States · 1960
- Rollingwood Corp. v. Commissioner of Internal Revenue. Bohannon v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1951
- Simms v. Commissioner of Internal RevenueCourt of Appeals for the D.C. Circuit · 1952
- Bertrand W. Cohn v. United States of America, William R. Kent v. United States of America, Louise C. Kent v. United StatesCourt of Appeals for the Sixth Circuit · 1958
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