Matter of Jacobowitz v. New York City Dept. of Hous. Preserv. & Dev.

How courts have described this case

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

• the repayment of embezzled funds is not deductible under section 165(c)(1) as a \trade or business\ loss
• the repayment of embezzled funds is not deductible under section 165(c)(1) as a “trade or business” loss
• taxpayer not entitled to carryback loss resulting from illegal activity
• forfeitures and confiscation of property

Source: CourtListener parenthetical corpus (CC0).