Merlo 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.

• termination for violating insider trading policy “was not enough to cause [taxpayer] to forfeit the shares”
• “[E]ven though unrecognized capital losses may be carried forward to sub- sequent taxable years, they may not be carried back to prior taxable years.”
• “[E]ven though unrecognized capital losses may be carried forward to sub- sequent taxable years, they may not be carried back to prior taxable years.”
• “[Section] 172(d)(2)(A) works so that net capital losses are effectively excluded from the computation of NOL.”

Source: CourtListener parenthetical corpus (CC0).