Stephen Gaggero v. CIR
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March 05, 2020
Home Sale Proceeds Wrongly Excluded From Tax, 9th Circ. Says
A California real estate developer should have reported $9.6 million in gains on the sale of his home on his 1997 tax return, the Ninth Circuit said Thursday, affirming a decision from the U.S. Tax Court.
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April 02, 2019
Tax Court Correct On Malibu Home's Worth, 9th Circ. Told
The U.S. Tax Court correctly found that a California real estate developer underreported his income after selling a Malibu home for $9.6 million, the Internal Revenue Service told the Ninth Circuit.
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March 01, 2019
Home Sale Wrongly Included In Tax Calculation, 9th Circ. Told
The U.S. Tax Court erred by combining two property ownership interest sales to determine gains from a property exchange, since one of the sales took place outside the required time limit, a California resident has told the Ninth Circuit.