Tax Court Clarifies Meaning of Worthlessness for Real Property Loss Deductions
By EsqSocial Corporation 11/11/15
In the recently published case of Tucker v. Commissioner, T.C. Memo 2015-185, the Tax Court held that a taxpayer was not entitled to a loss deduction for real property subject to a recourse mortgage unless and until a foreclosure sale of the property...
By: Miles & Stockbridge P.C.