Legal Opinion
John E. Keane, Dorothy M. Keane v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided January 13, 1989No. 87-7380, 87-7450, 88-7035, 88-7037, 88-7127, 88-7179 and 88-7251PublishedCited by 49 opinions
1Opinion of the Court
PREGERSON, Circuit Judge:
Appellants seek reversal of the Tax Court’s decision in consolidated proceedings sub. nom. Glass v. Commissioner, 87 T.C. 1087 (1986). In those cases, the Tax Court rejected appellants’ challenge to the Commissioner’s disallowance of losses claimed by appellants on their federal income tax returns for the years 1975 through 1980. The appellants allegedly incurred net losses from closing transactions in connection with “London option transactions” (commodity option and forward trading on the London Metal Exchange). 1 The Tax Court held that the losses were not…
2Cases cited8 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Glass v. CommissionerUnited States Tax Court · 1986
- James E. Sochin v. Commissioner of Internal Revenue, Dennis S. Brown v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1988
- Brown v. CommissionerUnited States Tax Court · 1985
- Louis Buddy Yosha v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1988
3 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Keller v. CommissionerCourt of Appeals for the Ninth Circuit · 2009
- David Dewees and Anne Dewees v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1989
- Casebeer v. CommissionerCourt of Appeals for the Ninth Circuit · 1990
- Halpern v. CommissionerUnited States Tax Court · 1991
- Stobie Creek Investments, LLC v. United StatesUnited States Court of Federal Claims · 2008
44 more not listed; retrieve them via the Exa API.