SEXTON v. COMMISSIONER

Docket No. 91718.

42 T.C. 1094 (1964)

JOHN J. SEXTON AND EILEEN G. SEXTON, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed September 24, 1964.


Attorney(s) appearing for the Case

Edward R. Kent and George H. Litow, for the petitioners.

Donald J. Forman and Arthur N. Nasser, for the respondent.


BRUCE, Judge:

The respondent determined deficiencies in income tax of the petitioners for fiscal years ended June 30 in 1956, 1957, and 1958 in the respective amounts of $7,709.87, $5,357.08, and $10,550.40. The principal issue is whether the petitioners are entitled to deductions for amortization, depreciation, or depletion with respect to the cost of property purchased for use in the operation of a garbage and refuse dump. If deductions of such a nature are...

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