$26M Interest Award Taxable As Ordinary Income, 5th Circ. Told

By Dylan Moroses · April 6, 2021, 1:23 PM EDT

A Louisiana couple's $26.3 million interest award in a stock dispute with a wine and spirits company doesn't qualify for capital gains tax treatment because the award wasn't based on a...

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Case Information

Case Title

Goldring v. USA

Case Number

20-30723

Court

Appellate - 5th Circuit

Nature of Suit

2870 Tax Suits (Tax from DC)

Date Filed

November 17, 2020