Legal Opinion
Trout Ranch, LLC v. Commissioner
Court of Appeals for the Tenth Circuit
Decided August 16, 2012No. 11-9006UnpublishedCited by 10 opinions
1Opinion of the Court
ORDER AND JUDGMENT *
TERRENCE L. O’BRIEN, United States Circuit Judge.
INTRODUCTION
This appeal concerns the tax treatment of a conservation easement. The taxpayer, Trout Ranch, LLC (Trout Ranch), purchased some 450 acres of land in Gunnison County, Colorado, with the aim of developing home sites on a small segment while preserving the rest, approximately 85 percent of the property, by means of a conservation easement. Trout Ranch claimed a charitable deduction for the easement, which it valued at approximately $2.2 million. The IRS determined the easement did not reduce the value of the…
2Cases cited11 opinions
- Daubert v. Merrell Dow Pharmaceuticals, Inc.Supreme Court of the United States · 1993
- Kumho Tire Co. v. CarmichaelSupreme Court of the United States · 1999
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Estate of Gilford v. CommissionerUnited States Tax Court · 1987
6 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Esgar Corp. v. CommissionerCourt of Appeals for the Tenth Circuit · 2014
- Whitehouse Hotel Ltd. P'ship v. Comm'rUnited States Tax Court · 2012
- Estate of Stuller v. United StatesDistrict Court, C.D. Illinois · 2014
- David F. Hewitt & Tammy K. Hewitt v. CommissionerUnited States Tax Court · 2020
- David F. Hewitt & Tammy K. Hewitt v. CommissionerUnited States Tax Court · 2020
5 more not listed; retrieve them via the Exa API.