Legal Opinion
Bohrer v. Commissioner
Court of Appeals for the Tenth Circuit
Decided September 19, 1991No. Nos. 87-2240 to 87-2243, 87-2245 to 87-2247, 87-2249, 87-2252, 87-2253, 88-1037, 88-1476, 88-1477 and 88-1771PublishedCited by 18 opinions
1Opinion of the Court
HOLLOWAY, Circuit Judge.
These fourteen companioned appeals arise out of the Tax Court decision of Glass v. C.I.R., 87 T.C. 1087 (1986), which involved the largest consolidated proceeding in Tax Court history, consisting of approximately 1,100 cases involving identical issues. The controlling issue of Glass and the instant appeals is whether certain deductions arising out of appellants’ “straddle trading” of futures and options on the London Metal Exchange (LME) were proper. The Tax Court held that the deductions were improperly taken and we affirm that decision.
I
The appellants claimed…
2Cases cited17 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Knetsch v. United StatesSupreme Court of the United States · 1960
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Glass v. CommissionerUnited States Tax Court · 1986
- Kenneth P. Kirchman and Budagail S. Kirchman, Leo P. Ayotte and Nancy C. Ayotte v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1989
12 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Duffie v. United StatesCourt of Appeals for the Fifth Circuit · 2010
- United States v. William Hugh FlemingCourt of Appeals for the Tenth Circuit · 1994
- James B. Thomas, Plaintiff-Appellee/cross-Appellant v. United States of America, Defendant-Appellant/cross-AppelleeCourt of Appeals for the Sixth Circuit · 1999
- Rogers v. United StatesCourt of Appeals for the Tenth Circuit · 2002
- Russo v. CommissionerUnited States Tax Court · 1992
13 more not listed; retrieve them via the Exa API.