Summary
The Tax Court concluded that the payment of an equitable distribution award by the purchaser of property awarded to the taxpayer in a divorce did not qualify for IRC Sec. 1041 nonrecognition treatment because the transaction did not meet the requirements ...
Conrad George Olsen v. CIR
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See Also
Third-Party Transaction Not Available for Nonrecognition Treatment
The Tax Court concluded that the payment of an equitable distribution award by the purchaser of property awarded to the taxpayer in a divorce did not qualify for IRC Sec. 1041 nonrecognition treatment.