Palahnuk v. Commissioner

How courts have described this case

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

• “except for a $3000 annual deduction, non-corporate taxpayers may not include net capital losses in the calculation of” a net operating loss under § 172
• \Extrinsic materials have a role in statutory interpretation only to the extent they shed a reliable light on the enacting legislature's understanding of otherwise ambiguous terms\
• \Extrinsic materials have a role in statutory interpretation only to the extent they shed a reliable light on the enacting legislature's understanding of otherwise ambiguous terms.\

Source: CourtListener parenthetical corpus (CC0).