In a recently published case by the United States Tax Court, the court decided that Tax Purchasers may not treat the gains resulting from the sale of Tax Deeded properties as Capital Gains under the Internal Revenue Code. The opinion, published in its entirety, for this case is provided below. If you have any questions please do not hesitate to contact us.
[gview file=”http://www.flamm.com/wp-content/uploads/2015/02/SIBooMemo.Paris_.TCM_.WPD.pdf” save=”1″]