In their Taxation column, David E. Kahen and Elliot Pisem, members of Roberts & Holland, analyze a case which involved a taxpayer's effort to shift an unrealized capital loss from the taxpayer to a corporation that had recognized a large capital gain, so that the loss could be used to offset the gain, an important and timely reminder of the continued vitality of the step transaction doctrine.
More About Step Transactions: 'G.D. Parker v. Commissioner'
New York Law Journal
December 20, 2012
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