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Get OCTOBER 21, 2011 A. Recent Partnership Cases In Dagres V ... - Americanbar

ASSOCIATE CHIEF COUNSEL (PASSTHROUGHS AND SPECIAL INDUSTRIES), IRS JENNIFER ALEXANDER, ATTORNEY ADVISOR, OFFICE OF TAX POLICY, U.S. DEPARTMENT OF THE TREASURY A. Recent Partnership Cases In Dagres v. Comm r, the Tax Court allowed a venture capitalist to claim a Code Section 166(a) business bad debt deduction for an amount that the taxpayer had forgiven on a loan made to a business acquaintance because the taxpayer extended the loan as part of his trade or business of managing venture capital.

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