In Rawat (Rawat v. Commissioner, T.C. Memo 2023–14, Tax Court Judge David Gustafson, who also authored the opinion in Grecian Magnesite (Grecian Magnesite Mining, Industrial & Shipping Co. SA v. Commissioner, 926 F. 3d 819(D.C. Cir. 2019), aff’g 149 T.C. 63 (2017), held that a sale of a 30 percent…