Couple's $26M Award Pay Not Ordinary Income, Court Told

By Yvonne Juris · February 12, 2020, 8:25 PM EST

A $26.3 million payment a couple received in a settlement award from a stock dispute with a wine and spirits company is a capital gain and shouldn't be taxed as ordinary...

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Case Information

Case Title

Goldring et al v. United States of America

Case Number

2:18-cv-10756

Court

Louisiana Eastern

Nature of Suit

Taxes

Date Filed

November 09, 2018