Frank Lyon Co. v. United States
1978 United States Supreme Court case / From Wikipedia, the free encyclopedia
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Frank Lyon Company v. United States, 435 U.S. 561 (1978), was a United States Supreme Court case in which the Court held that the title owner that acquired depreciable real estate as if the owner were a mere conduit or agent was indeed the owner and, for Federal income tax purposes, had the legal right to take tax deductions associated with depreciation on the building.
Quick Facts Frank Lyon Company v. United States, Argued November 2, 1977 Decided April 18, 1978 ...
Frank Lyon Company v. United States | |
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Argued November 2, 1977 Decided April 18, 1978 | |
Full case name | Frank Lyon Company v. United States |
Citations | 435 U.S. 561 (more) 98 S. Ct. 1291; 55 L. Ed. 2d 550; 1978 U.S. LEXIS 22; 78-1 U.S. Tax Cas. (CCH) ¶ 9370; 41 A.F.T.R.2d (RIA) 1142 |
Case history | |
Prior | 536 F.2d 746 (8th Cir. 1976) |
Court membership | |
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Case opinions | |
Majority | Blackmun, joined by Burger, Brennan, Stewart, Marshall, Powell, Rehnquist |
Dissent | White |
Dissent | Stevens |
Laws applied | |
26 U.S.C. § 163 |
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