Tax Court: Variable Prepaid Forward Contracts Are Taxable Sales

The Tax Court holds that variable prepaid forward contracts were current taxable sales of the underlying stock and not a qualified lending arrangement under Sec. 1058.

Anschutz v. Commissioner, 135 T.C. No. 5 (2010)

For just a little more about Anschutz please click HERE and HERE.

One thought on “Tax Court: Variable Prepaid Forward Contracts Are Taxable Sales