Opinion

Trustee Corp. v. Commissioner

  • 42 T.C. 482
  • 1964 U.S. Tax Ct. LEXIS 96
Court
United States Tax Court
Filed
Jun 2, 1964
Status
Published
Author
Tietjens
On the bench
Ateins, Tietjens
Cited by
9 cases

The opinion

Tietjens, /., dissenting: I would conclude that what the parties actually did in this case was to pay $200,000 for the purpose of canceling the existing lease and obtaining a new 20-year lease, a new asset. The cost should be amortized over the term of the new lease.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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