CNT Investors, LLC, Charles C. Carroll, Tax Matters Partner v. Commissioner

CONTENTS

FINDINGS OF FACT . 164

I. Introducing the Carroll Family . 165

II. Solving the Low Basis Dilemma . 168

III. Selling the Son-of-BOSS Strategy . 171

IV. Achieving the Basis Boost . 173

A. Son-of-BOSS . 174

B. Basis Boost . 176

C. Real Estate Extraction ... 177

V. Reporting the Transactions .. 179

A. CNT’s 1999 Returns . 179

B. CCFH’s 1999 Return . 180

C. Individuals’ 1999 Returns H QO 1 — I

VI. Challenging the Transactions H CO T — !

OPTNTON C\ cc 1—

I. Preliminary Matters . 182

A. When Appellate Venue Matters . 182

B. Why Appellate Venue Does Not Matter Here . 183

II. Timeliness of the FPAA . 186

A.…