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ESTATE OF LIBBY v. COMMISSIONER

Docket No. 48003.

14 T.C.M. 699 (1955)

T.C. Memo. 1955-180

Estate of Carolyn W. Libby, Deceased, by Albion D. T. Libby, Executor, and Albion D. T. Libby v. Commissioner.

United States Tax Court.

Filed June 30, 1955.

Attorney(s) appearing for the Case

Albion D. T. Libby, Esq., 274 South Burnett Street, East Orange, N. J., for the petitioners. John J. Hopkins, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

HARRON, Judge:

The Commissioner determined a deficiency in income tax for the year 1949 in the amount of $123. The questions to be decided are as follows: (1) Whether petitioners are entitled to a deduction for a bad debt in the amount of $600. (2) Whether depreciation on rental real estate deducted by the petitioners was excessive to the extent of $985.43. (3) Whether $650 expended for a grave stone is deductible...

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