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HAMMERSTROM v. COMMISSIONER

Docket No. 5736-71.

60 T.C. 167 (1973)

FRANK R. HAMMERSTROM AND JEWEL HAMMERSTROM, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed May 7, 1973.

Attorney(s) appearing for the Case

Gary C. Randall, for the petitioners.

Vivian T. Martinez, Jr., for the respondent.

HALL, Judge:

Respondent determined a deficiency of $8,362.51 in petitioners' 1967 Federal income tax. The issue presented for our decision is whether in 1967 petitioner Jewel Hammerstrom disposed of certain business assets before the end of their estimated useful life for investment credit purposes, thereby triggering investment credit recapture in the year of disposal.1

FINDINGS OF FACT

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