Oconee Landing Property, LLC v. Commissioner
About This Legal Opinion
In a follow up opinion on a motion for reconsideration, Judge Lauber agreed with the IRS that the no-stacking rule only applies at the partner level and found that Oconee was negligent in failing to prove its basis and to secure a qualified appraisal.
Disclaimer
These resources are provided "as is" for informational purposes only, without warranty of any kind. They do not constitute legal or professional advice and do not create an attorney-client relationship. They may not reflect current legal developments and should be adapted for your organization with qualified professional help. The Alliance is not liable for any damages arising from use of or reliance on these resources. Views in individual posts and third-party links/logos are not Alliance endorsements. The Alliance is committed to equal opportunity and does not condone unlawful discrimination.
For accreditation-related materials, please also consult the Land Trust Accreditation Commission website.