Guardian Indus. Corp. & Subsidiaries v. Comm'r of Internal Revenue

1 Analyses of this case by attorneys

  1. Tax Court in Brief | Musselwhite v. Commissioner | Loss in Sale of Real Estate: Ordinary Loss or Capital Loss?

    Freeman LawJason FreemanJune 22, 2022

    But, objective factors carry more weight than the taxpayer’s subjective statements of intent. See Guardian Indus. Corp. v. Commissioner, 97 T.C. 308, 316 (1991), aff’d without published opinion, 21 F.3d 427 (6th Cir. 1994).Tax Treatment Applicable to Real Estate May Change.