Document / Legal Opinion
Lumpkin One Five Six, LLC v. Commissioner
Posted March 8, 2021
Author
Robert H. Levin
About This Legal Opinion
Lumpkin One Five Six LLC v. Commissioner - June 2020.pdf In a proceeds clause case with the improvement deduction language, the Tax Court denied the deductions in full, following Oakbrook Land Holdings LLC, v. Commissioner and Coal Property Holdings, LLC v. Commissioner. The Tax Court declined to consider the IRS' argument on the floating building areas.