Transactions Strutured to Avoid Related Party LKE Rules, Gain Must Be Recognized
The Eighth Circuit rejected a taxpayer’s attempt to structure an equipment like kind exchange (LKE) program to effectively allow a related taxpayer the use of the sales proceeds in the case of North Central Rental & Leasing, LLC v. United States, CA8, 115 AFTR 2d ¶ 2015-494.
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