Estate of Sydney S. Baron, Sylvia S. Baron, Administratrix, and Sylvia S. Baron v. Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• reasonable or realistic expectation of profit is not required if taxpayer has bona fide expectation of profit
• depreciation deductions for master recording based upon $460,000 nonrecourse note payable solely from record sales proceeds denied
• note payable solely out of master recording proceeds

Source: CourtListener parenthetical corpus (CC0).