NY Estate's Bid To Deduct $7M Settlement Denied By 2nd Circ.

By Kat Lucero · March 5, 2025, 7:16 PM EST

A New York estate's $6.5 million settlement liability cannot be deducted because the liability does not decrease the value of trust assets within the estate, nor can it be classified as a...

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Case Information

Case Title

Kalikow v. Commissioner of Internal Revenue

Case Number

23-7957

Court

Appellate - 2nd Circuit

Nature of Suit

 

Date Filed

December 08, 2023