Jersey Land and Development Corporation, a New Jersey Corp. v. United States

How courts have described this case

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

• holding property to be dealer property where the gain resulted from substantial improvements made to the property by the taxpayer as opposed to long-term market appreciation
• as an “ultimate finding of fact,” it is “but a legal inference,” which is reviewable free of the “clearly erroneous” rule

Source: CourtListener parenthetical corpus (CC0).