Legal Opinion
Swift v. Taxation Division Director
New Jersey Tax Court
Decided February 9, 1982PublishedCited by 3 opinions
1Opinion of the Court
LASSER, P. J. T. C.
Taxpayers contest the denial of their claim for refund by the Director of the Division of Taxation, and the assessment of tax on their 1975 gain from the sale of two apartment house properties under the Capital Gains and Other Unearned Income Tax Act, N.J.S.A. 54:8B-1 et seq.1 Taxpayers are partners in a partnership which owned and operated two apartment houses *381which were sold in 1975. They contend that their gain on the sale is not taxable under the statute.
The issues in this case are: (1) whether the partnership’s ownership and operation of the apartment houses…
2Cases cited12 opinions
- United States v. BasyeSupreme Court of the United States · 1973
- Goodwin v. CommissionerUnited States Tax Court · 1980
- Fackler v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1943
- Lorenzo Alvary v. United StatesCourt of Appeals for the Second Circuit · 1962
- Duke Power Co. v. PattenSupreme Court of New Jersey · 1955
7 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Burpulis v. Director of RevenueSupreme Court of Delaware · 1985
- Applestein v. Director, Division of TaxationNew Jersey Tax Court · 1982
- Murphy v. Taxation Division DirectorNew Jersey Tax Court · 1983