NORDBYE, Chief Judge.
Plaintiff and Francis J. O'Brien, I. Coppe, and John C. Lobb purchased an apartment building under a contract for deed in September, 1938, and thereafter jointly operated the property as the Hillside Apartments Company for rental purposes. Each of the four owners claimed in their income tax returns an allowance for depreciation under Section 23(l) of the Internal Revenue Code, 26 U.S.C.A. § 23(l). A partnership return also...
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