NEAL T. BAKER ENTERPRISES, INC. v. COMMISSIONER

Docket No. 20372-95.

76 T.C.M. 301 (1998)

T.C. Memo. 1998-302

Neal T. Baker Enterprises, Inc. v. Commissioner.

United States Tax Court.

Filed August 19, 1998.


Attorney(s) appearing for the Case

John K. Mirau, San Bernardino, Calif., for the petitioner. Lisa Kuo, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

WRIGHT, Judge:

Respondent determined a deficiency in petitioner's Federal income tax for the tax year ended March 31, 1990 (1989 taxable year), in the amount of $145,794.

This case involves the question of whether petitioner may defer recognition of gain from the disposition of certain real property under section 1031.1 More specifically, we must decide whether petitioner held the...

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