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Home / Opinion Digests / Bankruptcy – Abandonment Of Property – Tax Consequences – Trustee's Final Report – Objection (access required)

Bankruptcy – Abandonment Of Property – Tax Consequences – Trustee's Final Report – Objection (access required)

Where the trustee abandoned debtor's real estate without debtor's objection because there was no equity in the property, the bankruptcy court did not err in holding that abandonment of the property did not constitute a taxable event and that the debtor's estate had no liability for tax consequences occurring on a sale of the property ...

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