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Jenni Harmon

Clarifying Standards for Trade or Business Real Estate Debt

September 11, 2015

In this article, Johnson and Harmon argue that real estate lessors, developers, and dealers who realize cancellation of debt income attributable to acquisition debt for real property should be able to avail themselves of the exclusion for the discharge of qualified real property business indebtedness. Accordingly, they urge the IRS to clarify the definition of […]

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