Cotton v. Commissioner
United States Board of Tax Appeals
1. Held, that the evidence fails to support a claim for accelerated depreciation of hotel property owned by petitioner in the taxable years. 2. In the circumstances herein a mineral lease abandoned in 1926 resulted in loss, if any, in that year.
1Opinion of the Court
ANNA J. COTTON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Cotton v. Commissioner
Docket Nos. 45005, 51393.
United States Board of Tax Appeals
25 B.T.A. 1158; 1932 BTA LEXIS 1416;
April 15, 1932, Promulgated
1. Held, that the evidence fails to support a claim for accelerated depreciation of hotel property owned by petitioner in the taxable years.
2. In the circumstances herein a mineral lease abandoned in 1926 resulted in loss, if any, in that year.
M. A. Matlock, Esq., for the petitioner.
Nathan Gammon, Esq., for the respondent.
LANSDON
Income tax deficiencies for 1927 and 1928 in the…
2Cases cited1 opinion
- Cotton v. CommissionerUnited States Board of Tax Appeals · 1932