Q: What were the facts in the case Liant Record v. Commissioner (1962)?
a. Test: there is a single test to be applied to both users and investors, i.e., a comparison of the services or uses of the original and replacement properties to the taxpayer-owner.
i. example: if the taxpayer is an owner and uses the condemned land for one purpose and the replacement property for another that is not ok, where as if the taxpayer is a leasor and leases the condemned property for one purpose and the replacement property for another, that is ok?
1. Ascher does not seem to buy this argument much
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