¶2The profit on the sale of the dwelling house and the dividends on the stock should be accounted for as income of the partnership. Depreciation on the lumber mill is allowed at 10 per cent. The deficiency should be computed accordingly. Final determination will be settled on 10 days’ notice, under Rule 50.
3 B.T.A. 65
Dill v. Commissioner
United States Board of Tax Appeals
Decided November 18, 1925
United States Board of Tax Appeals · decided 1925-11-18
Cited by 3 later decisions — most recently March 1981
2 federal appellate ·
Good law ✅— No negative treatment on recordhow we know
Decided 1925-11-18
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