A Delaware gravel company and related companies that sold a freeway pit for $6.9 million under an option agreement, and then used it to enter into a like-kind exchange for another property, deferring the tax, was not a tax-avoidance sham, the U.S. Tax Court ruled Tuesday.
Option Agreement In $6.9M Sale Not A Sham, Tax Court Says
by usoftax_admin | May 21, 2024 | Tax News