Legal Opinion

Freytag v. Commissioner

United States Tax Court

Decided October 21, 1987No. Docket Nos. 4934-82, 9307-82, 27146-82, 29012-82, 1240-83, 3250-83, 8616-83, 33016-83, 204-84, 3749-84, 7658-84, 11821-84Published

Held, losses from transactions in forward contracts written by First Western Government Securities are not deductible.

1Opinion of the Court

Thomas L. Freytag and Sharon N. Freytag, et al., Petitioners v. Commissioner of Internal Revenue, Respondent

Freytag v. Commissioner

Docket Nos. 4934-82, 9307-82, 27146-82, 29012-82, 1240-83, 3250-83, 8616-83, 33016-83, 204-84, 3749-84, 7658-84, 11821-84

United States Tax Court

89 T.C. 849; 1987 U.S. Tax Ct. LEXIS 149; 89 T.C. No. 60;

October 21, 1987; As Amended October 30, 1987 October 21, 1987, Filed

Decisions will be entered under Rule 155. 41

Held, losses from transactions in forward contracts written by First Western Government Securities are not deductible.

Robert M. Fink, Richard J. Sideman,…

2Cases cited19 opinions

  1. Carlos and Jacqueline Marcello v. Commissioner of Internal Revenue, Joseph, Jr. And Anastasia Marcello v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1967
  2. George v. Zmuda and Walburga Zmuda v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1984
  3. Freytag v. CommissionerUnited States Tax Court · 1987
  4. Zmuda v. CommissionerUnited States Tax Court · 1982
  5. Marcello v. CommissionerUnited States Tax Court · 1964

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