1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 73 T.C.M.
  5. 73 T.C.M. 3218 (1997)
 

2925 BRIARPARK, LTD. v. COMMISSIONER

Docket No. 22320-94.

73 T.C.M. 3218 (1997)

T.C. Memo. 1997-298

2925 Briarpark, Ltd., James C. Motley, Tax Matters Partner v. Commissioner.

United States Tax Court.

Filed June 30, 1997.

Attorney(s) appearing for the Case

Alan L. Tinsley, Madisonville, Tex., and Charles B. Koerth, for the petitioner. Dennis M. Kelly, for the respondent.

MEMORANDUM OPINION

HAMBLEN, Judge:

Respondent issued a notice of final partnership administrative adjustment (FPAA) to 2925 Briarpark, Ltd. (Briarpark), and determined adjustments in Briarpark's ordinary income, gains derived from dealings in property, and the partners' capital accounts for 1989.1 After concessions, the issue for decision is whether the income realized from the discharge of nonrecourse loans should be treated...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases