TRAILMONT PARK, INC. v. COMMISSIONER

Docket No. 4324-70 SC.

30 T.C.M. 871 (1971)

T.C. Memo. 1971-212

Trailmont Park, Inc. v. Commissioner.

United States Tax Court.

Filed August 25, 1971.


Attorney(s) appearing for the Case

Quentin L. Housholder, Suite 400, Sthalman Bldg., Nashville, Tenn., for the petitioner. John B. Harper, for the respondent.


Memorandum Findings of Fact and Opinion

BRUCE, Judge:

Respondent determined deficiencies in petitioner's income tax for the years and in the amounts as follows:

  Taxable Year Ending               Deficiency

  June 30, 1967 ...................  $353.55
  June 30, 1968 ...................   556.71

The only issue to be decided is whether a depreciation deduction should be allowed for the cost of improvements, consisting of clearing...

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