Legal Opinion
School Street Associates Ltd. Partnership v. District of Columbia
District of Columbia Court of Appeals
Decided February 25, 1999No. 97-TX-1442PublishedCited by 5 opinions
1Opinion of the Court
STEADMAN, Associate Judge:
Appellant School ■ Street Associates (“School Street”) is a limited partnership investing in District real estate. 1 In contrast to federal law, such partnerships are taxed on their income in the District as distinct taxable entities. In this appeal, we are called upon to determine whether School Street is entitled to take the deduction provided in D.C.Code § 47-1803.3(a)(14) (1996). This code section in general allows a deduction for a net operating loss (NOL) that may be taken in a year prior to or subsequent to the year the loss was actually realized. 2 We hold…
2Cases cited19 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Caminetti v. United StatesSupreme Court of the United States · 1917
- Indopco, Inc. v. CommissionerSupreme Court of the United States · 1992
- United States v. PriceSupreme Court of the United States · 1960
- Interstate Transit Lines v. CommissionerSupreme Court of the United States · 1943
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3Cited by5 opinions
- School Street Associates Ltd. Partnership v. District of ColumbiaDistrict of Columbia Court of Appeals · 2001
- Belay v. District of ColumbiaDistrict of Columbia Court of Appeals · 2004
- Sovran Bank/D.C. National v. District of ColumbiaDistrict of Columbia Court of Appeals · 1999
- School Street Associates Ltd. Partnership v. District of ColumbiaDistrict of Columbia Court of Appeals · 2001
- School Street Associates Ltd. Partnership v. District of ColumbiaDistrict of Columbia Court of Appeals · 1999