The Tax Court judge made no palpable and overriding error when he concluded that the taxpayers did not have a view to profit with respect to their 5.4% interest in two gas wells and, therefore, were not engaged in a partnership so as to permit the deduction of losses realized on the sale of real estate.
Topics and taglines
Topic
Tagline
no view to profit on gas wells
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
339667
Extra import data
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}
"field_legacy_header": "<strong><em>Whealy v. The Queen</em></strong>, 2005 DTC 5276, 2005 FCA 190 <strong>[no view to profit on gas wells]</strong>",
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