Board of Mgrs. of the 120 E. 86th St. Condominium v. Park Ave. Physicians Realty, LLC

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• \a high degree of adherence to the contractual terms\ of the transactions was cited by the Court as a factor to support recognition of a sale of property for tax purposes
• taxpayer's objective of making a profit must be bona fide
• preparation to engaged in a trade or business

Source: CourtListener parenthetical corpus (CC0).