United States Board of Tax Appeals August 6, 1929, Docket No. 29788. (Lobsenz v. Commissioner)

lead-opinion

*82OPINION.

Arundell:

In our findings of fact we have determined, (a) the amount of profit realized by petitioner on the sale of the Howe Avenue lots, (b) the basis for computing depreciation on buildings at 684-686, 688 Main Avenue, Passaic, N. J., and 411 Broadway, Paterson, N. J.