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RYAN MOTOR SALES, INC. v. COMMISSIONER

Docket No. 3405-69 SC.

29 T.C.M. 1190 (1970)

T.C. Memo. 1970-270

Ryan Motor Sales, Inc. v. Commissioner.

United States Tax Court.

Filed September 24, 1970.

Attorney(s) appearing for the Case

Herbert P. Phillips, 91 Merrimack St., Haverhill, Mass., for the petitioner. David L. Miller, for the respondent.

Memorandum Findings of Fact and Opinion

DAWSON, Judge:

Respondent determined a deficiency in petitioner's Federal income taxes for the years 1965 and 1966 in the amounts of $500.47 and $259.15, respectively. The only issue for decision is whether petitioner is entitled to deduct a loss under section 1651 for the demolition of buildings on property subsequently used for the expansion of its automobile franchise.

Findings...

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