Partnership's $62M Loss Wrongly Disallowed, 9th Circ. Told

By David Hansen · September 12, 2019, 7:33 PM EDT

The U.S. Tax Court wrongly disallowed a $62.4 million short-term capital loss claimed by a member of a Nevada tiered partnership because the IRS proposed adjustments to the wrong member of the partnership,...

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Case Information

Case Title

West Ventures, L.P., et al v. CIR

Case Number

19-71134

Court

Appellate - 9th Circuit

Nature of Suit

Date Filed

May 10, 2019