Opinion
19818-21
02-27-2023
BRIAN K. SULLIVAN & DONNA A. SULLIVAN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER
Mark V. Holmes Judge
This case was on the Court's October 24, 2022 trial calendar for Atlanta, Georgia. It presents an interesting question on the proper way to compute the holding period for property contributed to a partnership. Petitioners, however, wanted to try to settle it at IRS Appeals and we continued it to let them try. The parties recently reported that they continue to make good progress in settling the case. It is reasonable to keep it on a status-report track, and it is
ORDERED that on or before March 26, 2023 the parties shall submit decision documents or file a status report to describe their progress toward settlement at IRS Appeals.