Sage v. Comm’r
Abstract Case Name: Sage v. Comm’r, 154 T.C. No. 12 (2020).Jurisdiction: U.S.T.C.Petitioner: Jason B. SageRespondent: Commissioner of the Internal Revenue Service.Concepts: NOL; Real Estate; TrustsNature of Case: Whether the Petitioner’s transfer of land into liquidating trusts for the benefit of the parcels’ mortgage holders transferred ownership to the beneficiaries within the meaning of the “grantor” trust provisions? […]
