TAYLOR S. HARDIN AND KATHERINE B. HARDIN, APPELLANTS,
v.
COMMISSIONER OF INTERNAL REVENUE, APPELLEE
TAYLOR S. HARDIN AND KATHERINE B. HARDIN, APPELLANTS,
COMMISSIONER OF INTERNAL REVENUE, APPELLEE
507 F.2d 903
United States Court of Appeals for the Fourth Circuit (1974)
Cited by 3 cases
Opinion of the Court
PER CURIAM:
We agree with the Tax Court that when the taxpayers owned the race horse for only twenty-seven days prior to the end of the calendar year, they were entitled to claim depreciation for only the period of ownership and not for a full year, notwithstanding that by the rule of the sport a thoroughbred race horse is deemed to be one year older on January 1 of each year. We affirm on the memorandum opinion of the Tax Court. Taylor S. Hardin, 32 T.C.M. 892 (1973).
Affirmed.
Cases With Similar Vibessemantic neighbors from the corpus
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Messelt v. State OF Ala., 595 F.2d 247 (5th Cir. 1979)
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Lamberti v. Louie L. Wainwright, 513 F.2d 277 (5th Cir. 1975)
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Ball v. Wyrick, 547 F.2d 78 (8th Cir. 1977)