On July 23, 2024, the U.S. Court of Appeals for the D.C. Circuit reversed the U.S. Tax Court in holding that inventory gain recognized by a nonresident alien individual partner on the sale of her interest in a U.S....more
7/29/2024
/ Capital Gains ,
Foreign Partner ,
Income Taxes ,
Inventory Property Sales ,
IRS ,
Non-Resident Aliens ,
Partnership Interests ,
Partnerships ,
Promissory Notes ,
Tax Court ,
Tax Cuts and Jobs Act