Legal Opinion
H. Douglas Wilson, and Roberta D. Wilson v. United States
Court of Appeals for the Sixth Circuit
Decided December 20, 1978No. 77-3101PublishedCited by 20 opinions
1Opinion of the Court
CELEBREZZE, Circuit Judge.
The sole issue presented for review is whether the taxpayer-lessors are entitled to a loss deduction under Internal Revenue Code § 165 1 by virtue of the demolition of a building by the lessee pursuant to permission granted in the lease. We hold that they are not entitled to such deduction and affirm the judgment of the district court.
The facts were stipulated by the parties in the district court. In 1958 taxpayers inherited a parcel of land in Toledo, Ohio, upon which was situated a building. 2 Taxpayers calculated allowable depreciation by the straight line method…
2Cases cited42 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- Bingler v. JohnsonSupreme Court of the United States · 1969
- Manhattan General Equipment Co. v. Commissioner of Internal RevenueSupreme Court of the United States · 1936
- Dixon v. United StatesSupreme Court of the United States · 1965
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3Cited by20 opinions
- CWT Farms, Inc. v. CommissionerUnited States Tax Court · 1982
- Pagel, Inc. v. CommissionerUnited States Tax Court · 1988
- Tate & Lyle, Inc. v. CommissionerUnited States Tax Court · 1994
- Butka v. CommissionerUnited States Tax Court · 1988
- Security Benefit Life Insurance v. United StatesDistrict Court, D. Kansas · 1980
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