Legal Opinion
Teruya Bros. v. Commissioner
Court of Appeals for the Ninth Circuit
Decided September 8, 2009No. 05-73779PublishedCited by 11 opinions
1Opinion of the Court
THOMAS, Circuit Judge:
This case requires us to determine whether two like-kind exchanges involving related parties qualify for nonrecognition treatment under 26 U.S.C. § 1031. Under the circumstances presented by this case, we conclude that they do not, and we affirm the judgment of the Tax Court. We have jurisdiction over this appeal pursuant to 26 U.S.C. § 7482(a). 1
I
Teruya Brothers, Ltd. (“Teruya”) is a Hawaii corporation involved in, among other things, the purchase and development of residential and commercial real estate. This appeal concerns the tax treatment of real estate…
2Cases cited11 opinions
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- T. J. Starker v. United StatesCourt of Appeals for the Ninth Circuit · 1979
- In Re Charles Stringer, Ii, Debtor. Charles Stringer, Ii, Debtor-Appellant v. Aristela Huet, Claimant-AppelleeCourt of Appeals for the Ninth Circuit · 1988
- Boulware v. United StatesSupreme Court of the United States · 2008
- Schoneberger v. CommissionerUnited States Tax Court · 1980
6 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Ocmulgee Fields, Inc. v. Comm. of Internal RevenueCourt of Appeals for the Eleventh Circuit · 2010
- Sewards v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 2015
- Samueli v. CommissionerCourt of Appeals for the Ninth Circuit · 2011
- North Central Rental & Leasing, LLC v. United StatesCourt of Appeals for the Eighth Circuit · 2015
- Samueli v. CIRCourt of Appeals for the Ninth Circuit · 2011
6 more not listed; retrieve them via the Exa API.