Partnership's $62.4M Loss Correctly Nixed, 9th Circ. Told

By Yvonne Juris · December 13, 2019, 6:37 PM EST

A Nevada tiered partnership that participated in a so-called Son-of-Boss tax shelter is not entitled to a $62.4 million short-term capital loss deduction because the transaction lacked economic substance, the U.S....

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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