More About Step Transactions: 'G.D. Parker v. Commissioner'

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.

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