From our private database of 14,100+ case briefs...
William C. Horrmann v. Commissioner
United States Tax Court
17 T.C. 903 (1951)
In February 1940, William C. Horrmann (plaintiff) inherited real property located on Howard Avenue. He spent $9,000 redecorating the property and moved into the home in October 1940. Soon after, he sold his prior personal residence located on Ocean Terrace. He continued to use the Howard Avenue home as his personal residence for two years. By October 1942, Horrmann decided to rent or sell the home. He moved out, intending to cease using the home as his personal residence. Despite consistent efforts to rent or sell the home, Horrmann did not sell it until June 1945. He attempted to take deductions for depreciation on the property between 1942 and 1945. During this period, the property depreciated at a rate of $500 per year. He also attempted to take deductions for maintenance and conservation fees incurred between 1942 and 1945. Finally, Horrmann attempted to deduct the capital loss he sustained on the sale. The Commissioner disallowed the deductions.
Rule of Law
Holding and Reasoning (Black, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 220,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.