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Fed. Circ. Says $50M Hedge Fund Loss Not Exempt From IRS

By Vidya Kauri · March 14, 2017, 8:42 PM EDT

A hedge fund lost its court battle to claim approximately $50 million in losses on its tax return when the Federal Circuit ruled Tuesday that its transaction with another entity, following...

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Documents

Opinion

Case Information

Case Title

Russian Recovery Fund Limited v. US

Case Number

16-1718

Court

Appellate - Federal Circuit

Nature of Suit

220 Tax - TEFRA Partnership - 28:1508

Date Filed

March 15, 2016

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