MEMORANDUM FINDINGS OF FACT AND OPINION
COLVIN, Judge:
Respondent determined a deficiency of $33,242 in petitioner's Federal income tax for 1990.
The issue for decision is whether petitioner may defer recognition of gain realized on the sale of two properties pursuant to section 1031(a). We hold that he may not because he failed to establish that he identified replacement property within 45 days after he transferred the relinquished properties.<...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.