Braun v. Wilson

How courts have described this case

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

• holding, under its reading of Tufts, “the amount realized is the full amount of the nonrecourse liabilities which are discharged as a result of the transfer of the property.”
• treating the taxpayer's reconveyance of property subject to nonrecourse debt as a sale or exchange
• “[T]here is no doubt that had the Apartment recovered financially, the Partnership would have been legally obligated to repay the entire outstanding principal amount of the mortgage, including . . . the interest thereon.”

Source: CourtListener parenthetical corpus (CC0).