1. Home
  2. Browse Decisions
  3. F.2d
  4. 798 F.2d
  5. 798 F.2d 195 (1986)
 

FREESEN v. C.I.R.

No. 85-2992.

798 F.2d 195 (1986)

O. Robert FREESEN, et al., Petitioners-Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided August 8, 1986.

Attorney(s) appearing for the Case

Kimball R. Anderson, Winston & Strawn, Chicago, Ill., for petitioners-appellants.

Joan I. Oppenheimer, Dept. of Justice, Washington, D.C., for respondent-appellee.

Before CUMMINGS, Chief Judge, and FLAUM and EASTERBROOK, Circuit Judges.

PER CURIAM.

The Internal Revenue Code allows a tax credit for investment in certain depreciable property. See 26 U.S.C. § 38. The Code also allows deductions for depreciation in excess of the "straight line" amount. See 26 U.S.C. § 168. But a lessor that serves merely as a financier or as a putative purchaser of tax advantage may not take an investment tax credit for the leased property, 26 U.S.C. § 46, and must treat as an item of tax preference the...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases