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SUMMARY: Appeals court denies like-kind treatment to exchange of properties with related parties.
TOPIC: Like Kind Exchange
SECTION: 1031. Exchange of property held for productive use or investment
CITATION: Teruya Brothers, Ltd. v. Commissioner of Internal Revenue, 2009-2 U.S.T.C. 50,624 (9th Cir. Sept. 8, 2009)
DATE: 2009-09-07
DOC TYPE: Cases
EXPLANATION:
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