Clayton v. Commissioner
United States Tax Court
Held: (1)(a) Petitioners may not depreciate certain building components separately where in prior years a composite method was used to depreciate these components and building shells. (b) Useful lives of building shells determined to be 35 years. (c) Useful lives of certain components determined.
Read the full summary
Held: (1)(a) Petitioners may not depreciate certain building components separately where in prior years a composite method was used to depreciate these components and building shells. (b) Useful lives of building shells determined to be 35 years. (c) Useful lives of certain components determined. (2) Petitioners are not entitled to a demolition loss where during construction of a two-story motel building a decision was made to convert the structure into a one-story office building. (3) Reasonable compensation for petitioners' services determined. (4)(a) Petitioners' partnership is not…
1Opinion of the Court
CHARLES W. CLAYTON, JR., and JOAN B. CLAYTON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent; W. MALCOLM CLAYTON and MARY H. CLAYTON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Clayton v. Commissioner
Docket Nos. 9507-76, 9508-76.
United States Tax Court
T.C. Memo 1981-433; 1981 Tax Ct. Memo LEXIS 314; 42 T.C.M. (CCH) 670; T.C.M. (RIA) 81433;
August 13, 1981.
Held: (1)(a) Petitioners may not depreciate certain building components separately where in prior years a composite method was used to depreciate these components and building shells.(b) Useful lives of building…
2Cases cited86 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Malat v. RiddellSupreme Court of the United States · 1966
- Enoch v. CommissionerUnited States Tax Court · 1972
- Massey Motors, Inc. v. United StatesSupreme Court of the United States · 1960
- Lucas v. Ox Fibre Brush Co.Supreme Court of the United States · 1930
81 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Watson Land Co. v. CommissionerUnited States Tax Court · 1983