Ocmulgee Fields, Inc. v. Comm. of Internal Revenue

How courts have described this case

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

• recognizing that the rationale for the like-kind exchange exception is that the taxpayer’s economic interests undergo minimal change through the transaction because theoretically, the taxpayer’s economic interest remains virtually unchanged by the transaction
• analyzing “the actual consequences” of the transactions to ascertain the taxpayer’s intent
• \[W]e can look to the actual consequences of * * * [the taxpayer's section 1031 ] transactions to ascertain its intent.\

Source: CourtListener parenthetical corpus (CC0).