CCH Tax Day Report A real estate leasing company was not entitled to defer recognition of the gain it realized on an exchange of property with its subsidiary. The transaction was structured to avoid the purposes of Code Sec. 1031(f). The taxpayer’s argument that the exchange was not structured to avoid the related-person rules was […]
The post Parent’s Exchange with Subsidiary Not Qualified for Nonrecognition Treatment (The Malulani Group, Limited, TCM) appeared first on Tax & Accounting Blog.