Stapleton v. Commissioner, T.C. Summary Opinion 2017-87: No Capital Loss for Sale Between Spouses

The Tax Court, in Stapleton v. Commissioner, held that a couple was not entitled to claim capital loss deductions stemming from the husband’s sale of property to his former wife, finding that the transfer was incident to divorce and the recognition of loss on the sale is barred under Code Section 1041.

See full opinion by clicking Stapleton v. Commissioner, T.C. Summary Opinion 2017-87.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.

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