2nd Circ. Affirms Denial Of Partnership's $22.7M Tax Loss

By Kevin Pinner · August 11, 2025, 3:55 PM EDT

The U.S. Tax Court correctly found the IRS properly denied a Connecticut partnership's $22.7 million loss deduction because the underlying transactions, which involved a Brazilian company, were tantamount to a disguised...

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Case Information

Case Title

Pimlico, LLC v. Commissioner of Internal Revenue

Case Number

24-1982

Court

Appellate - 2nd Circuit

Nature of Suit

Date Filed

July 24, 2024

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