Taxation

Losing Hand for Taxpayer in Dealer Property Case

, New York Law Journal

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In their Taxation column, Ezra Dyckman and Daniel Stahl write: Unfortunately, there are many circumstances where it is unclear whether real estate constitutes dealer property. One difficult question that sometimes arises is when a change in circumstances causes real estate that initially was dealer property to no longer be classified as such and discuss a recent case where a taxpayer was unsuccessful in its argument that a change in its intentions caused dealer property to be converted into property held for investment.

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