The past year saw few significant tax cases decided in the United States Court of Appeals for the Eleventh Circuit.' However, the court did issue two interesting opinions: one dealing with the characterization of a real estate developer's gain as ordinary income and another dealing with a statutory interpretation question relating to the first-time homebuyer tax credit. These two cases, both reversals of the United States Tax Court, are discussed below.
Mercer Law Review: Vol. 66:
4, Article 8.
Available at: https://digitalcommons.law.mercer.edu/jour_mlr/vol66/iss4/8