LOGAN, Circuit Judge.
John L. Bear and Edna A. Bear, as successors in interest to Brookridge Development Company, Inc., appeal from a decision of the Tax Court determining that Brookridge failed to meet the nonrecognition requirements of Internal Revenue Code section 337 in the disposition of its inventory of thirty-eight lots sold to Pacesetter Homes Company. The only question on appeal is the validity of that determination.
On October 13, 1972, Brookridge...
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