HASTIE, Circuit Judge.
The district court has granted a taxpayer an income tax refund for the year 1949 and the government has appealed. The only matter in dispute is the amount of depreciation allowable upon the taxpayer's former residence which had been converted into rental property at the beginning of the taxable year.
The taxpayer built the house at a cost of approximately $30,000. Several years later, when he converted the structure into income producing...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
