$26M Interest Award Taxable As Ordinary Income, Court Says

By Dylan Moroses · April 14, 2020, 2:17 PM EDT

A Louisiana couple must pay ordinary income tax rates on a $26.3 million interest payment received in a settlement award from a stock dispute with a wine and spirits company, a Louisiana...

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Documents

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