Frank Lyon Co. v. United States
Case Date: 05/05/1978
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Frank Lyon Company v. United States, 435 U.S. 561 (1978), is a case in which the U.S. Supreme 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.
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