Treasury Plays "Hide the Deduction," with the Lessor's Demolition Loss

Authors

Michael R. Moore

Library of Congress Authority File

http://id.loc.gov/authorities/names/n79122466

Document Type

Comments

Abstract

Current regulations treat owners and lessors differently regarding demolition deductions. This Comment examines the new United States Treasury regulations sections 1.165-3(a) and (b) by investigating the evolution of the current regulation, together with the Treasury's stand and the taxpayer's resulting position to discover whether an alternative exists to these regulations. The Comment concludes by advising taxpayers to avoid litigating demolition losses by using Treasury regulations section 1.167(a)-8(a)(4).

Recommended Citation

Michael R. Moore, Treasury Plays "Hide the Deduction," with the Lessor's Demolition Loss, 10 San Diego L. Rev. 871 (1973).
Available at: https://digital.sandiego.edu/sdlr/vol10/iss4/8