The D.C. Circuit found Tuesday that a Canadian citizen’s $6.5 million in gains from her sale of a U.S. partnership interest in a company that sold 5-hour Energy drinks was not federally taxable as inventory income, reversing a U.S. Tax Court ruling.
5-Hour Energy Partner Owes No Tax On Sale, DC Circ. Says
by usoftax_admin | Jul 23, 2024 | Tax News