Lloyd W. Golder, Jr. And Esther Golder v. Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that in a situation where a taxpayer seeks to deduct interest payments on “a non-recourse note secured by a mortgage on the land . . . [t]he taxpayer [still] must pay the interest to avoid foreclosure of his ownership interest in the property.”
• traditional guaranty by owners of closely held corporation of the corporation’s debt

Source: CourtListener parenthetical corpus (CC0).