David Burton and Richard Page Author Daily Tax Report Article on Tax Court’s Fargo v. Commissioner Ruling
David Burton and Richard Page, partner and associate, respectively, in the tax practice at Akin Gump, have written the article “How Can a Renewable Energy Plant Be Sold For a Capital Gain as Opposed to an Ordinary Gain?” for Bloomberg BNA’s Daily Tax Report.
The article reviews the Tax Court’s recent decision in Fargo v. Commissioner, which analyzes the capital asset treatment of real property. It also offers tips on how to maximize the possibility that a renewable energy plant will be treated as a capital asset.
To read the full article, please click here.