Short Takes: Recent Developments of Interest to Investors
Author: Staff Editors.
Source: Volume 37, Number 02, Winter 2020 , pp.73-85(13)
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Abstract:
Recent rulings, and other authority affecting IRC Sec. 1033, SALT deductions cap, loss deductions on disgorgement of income, treatment of interest and commissions, casualty loss deductions, foreign currency transaction losses, hobby loss rules, economic substance, and character of gain or loss. Discusses Notice 2019-7, Rev. Proc. 2019-38, Hairston v. Commissioner, Eger v. United States, Wells v. Commissioner, Feinberg v. Commissioner.Keywords: IRC Sec. 1033, SALT Deductions Cap, Notice 2019-7, Rev. Proc. 2019-38, Loss Deductions on Disgorgement of Income, Treatment of Interest and Commissions, Casualty Loss Deductions, Foreign Currency Transaction Losses
Affiliations:
1: Journal of Taxation of Investments.