United States Tenth Circuit

Venture-derivatives trading scheme designed to generate tax losses on one year and an off-setting gain in following year was not a transaction of economic substance.

Appellate Information

• Decided 03/13/2001
• Published 03/13/2001

Judges

• LUCERO, Circuit Judge., Before EBEL, McKAY and LUCERO, Circuit Judges.

Court

• United States Tenth Circuit

Counsel

• For Appellant:
  
• Matthew D. Lerner,Steptoe & Johnson LLP, Washington, DC, for the Petitioner-Appellant.


• For Appellees:
  
• Donald B. Tobin (Kenneth L. Greene with him on the brief), Department of Justice, Tax Division, Washington, DC, for the Respondent-Appellee.